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.
| Price | $1,170,000 (sold: 5/8/2023) |
|---|---|
| Bathrooms | 2 Partial Baths |
| Year Built | 2017 |
| Property Type | Commercial |
| Listing # | 800903 |
| Status | Sold |
| Listing Type | For Sale |
| Square Feet | 2,626 |
|---|
| Lot Size | 0.43 acres |
|---|
Courtesy of Your Team, NextHome Virtual
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Estimated taxes and insurance are not included. Mortgage calculator source: NextHome, Inc.
