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$ 600,000
Est. payment /mo
Active
1020 S Townsend Avenue Montrose, CO 81401
3 Baths
2,231 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi-Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,231 sqft
Price per Sqft $268
MLS Listing ID 827574
Half Baths 3
Year Built 1964
Annual Tax Amount $6,841
Tax Year 2024
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Multi-Use
Property Description
Exceptional opportunity to own a fully leased commercial building in the heart of downtown Montrose. This well-maintained property features three individual units, two of them occupied by stable, active tenants on long term lease agreements, providing immediate and consistent income for investors. Strategically positioned in a high-visibility location, the building benefits from heavy foot and vehicle traffic, making it ideal for a variety of retail or professional service tenants. The surrounding area boasts a vibrant mix of businesses, restaurants, and amenities, further enhancing tenant appeal and long-term occupancy potential. Key Highlights: Three units with strong tenant history High cap rate – attractive return on investment Outstanding visibility and signage opportunities Central downtown location – walkable, accessible, and desirable Professionally managed and well maintained This is a rare chance to acquire a cash-flowing asset in one of the most sought-after locations in the city. Perfect for investors seeking stable returns and long-term appreciation.
Location
State CO
County Montrose
Interior
Furnishings Unfurnished
Building
Story 1
New Construction No
Listed by Colorado Land Home & Ranch
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