1020 S Townsend Avenue, Montrose, CO 81401
1020 S Townsend Avenue, Montrose, CO 81401
1020 S Townsend Avenue, Montrose, CO 81401
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The Blackmore Group Group

The Blackmore Group Group

+1(970) 444-2431
$600,000
Est. payment /mo
3 Baths
2,231 SqFt
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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

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Colorado Real Estate Network (CREN) + Sold
Listed by Colorado Land Home & Ranch

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1020 S Townsend Avenue

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The Blackmore Group Group

+1(970) 444-2431

ashley@ashleyblackmorehomes.com

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