505 South 2nd Street, Montrose, CO 81401 | Listings

505 South 2nd Street, Montrose, CO 81401

  • $545,000
  • 2 Full | 2 Partial Baths
  • 7,885 sq ft
  • Year Built: 1979
  • Commercial
  • Listing #756824

Property Description

Incredible investment opportunity in the heart of Montrose, one block off Main street. Close to Montrose Memorial Hospital, and across from Montrose City offices and Colorado Mesa University. Multiple income generating uses possible due to the property's centralized location and large open floor plan. There are two leased, recently remodeled, two bedroom apartments connected to the building. The remodels were extensive including flooring, paint, windows, appliances and more. The property has a basement (square footage of 2562 not included in total) with an operational elevator. There are also two walk in coolers. While the potential uses of this property are many, a couple of obvious ones include, a church facility or conversion to an office or apartment suite complex. A crematorium is available for purchase.

Listing Details

Bathrooms2 Full | 2 Partial Baths
Year Built1979
Property TypeCommercial
Listing #756824
Listing TypeFor Sale
Property Taxes (Annual)$7,355.16

Interior Features

Square Feet7,885
FloorsWood, Carpet
Heating and CoolingForced Air, Refrigerated Air

Exterior Features

FoundationBasement-Below Grade, Basement-Partial Finish, Brick
Lot Size0.29 acres


MLS AreaMontrose City

Courtesy of Roger Lord and Mark Shaffer, Shaffer Real Estate

Colorado Real Estate Network, Inc

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This content last updated on 10/19/2019 10:22 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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