211 & 213 S 5th Street, Montrose, CO 81401 | Listings

211 & 213 S 5th Street, Montrose, CO 81401

  • $1,170,000 (sold: 5/8/2023)
  • 2 Partial Baths
  • 2,626 sq ft
  • Year Built: 2017
  • Commercial
  • Listing #800903
  • Status: Sold

Property Description

Excellent investment opportunity on the Western Slope of Colorado! This ideally located commercial space boasts 2 units with an 8.24% CAP rate in a B-2 commercial zone in the City of Montrose! The turnkey building (built in 2017) offers 2 retail commercial units with high quality long term tenants, high daily traffic exposure, and heavy pedestrian traffic as well. One unit is currently operated as a busy specialty coffee store chain with a drive-thru and the second unit is occupied by a trendy juice bar with high traffic and a popular following. 24 Parking Spaces dedicated to these two businesses. *Average daily traffic count: 25,000 vehicles (located within the second busiest intersection in the City of Montrose) *Nearby Pedestrian Traffic: Montrose Regional Health Center, Montrose High School, Colorado Mesa University Montrose Campus and just blocks from Main Street.

Listing Details

Price$1,170,000 (sold: 5/8/2023)
Bathrooms2 Partial Baths
Year Built2017
Property TypeCommercial
Listing #800903
StatusSold
Listing TypeFor Sale

Interior Features

Square Feet2,626

Exterior Features

Lot Size0.43 acres

Courtesy of Your Team, NextHome Virtual

This content last updated on 12/23/2024 7:41 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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