646 N 1st Street Montrose, CO 81401

Opportunity awaits – just bring your imagination and make it happen with this downtown charmer located near the hospital and all of the downtown amenities! This unique property offers 2,201 square feet of mixed-use square footage. The downstairs is currently home to a physical therapy facility while the upstairs (with separate entrance) offers 1034 square feet of residential square footage with a combo bath/laundry room, kitchen, and 2 bedrooms. Possibilities abound with this space as the property is zoned B-1 Central Business, but also has a residential unit upstairs. The 2 spaces are currently separated providing the upstairs unit with security/privacy through a private outside entrance and private staircase up to the property while the downstairs business has off street access as well as a private door to the backyard. Should you desire to transform this property back to a single unit, the current changes for separation can easily be reversed. There is a large, fenced backyard providing abundant space for future development with a possible detached garage or future Accessory Dwelling Unit (ADU). There is angled street parking as well as private parking off the alley in the back of the home/office space. The property is located in the Opportunity Zone and the City of Montrose Redevelopment Overlay District - REDO. Updates: Furnace originally replaced in 2005 with addition of ducting and central AC. AC condenser unit replaced in 2018and roof was replaced in 2018.