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About This Home
This 0-bedroom, 3-bathroom commercial at 1020 S Townsend Avenue in Montrose, CO is listed for $600,000 ($269 per sqft). Built in 1964, the home offers 2,231 sqft of living space on a 0.26 acres lot.
Twyla Righter, Colorado Land Home & Ranch, C:,,: 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.Str
ategically 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 historyHigh cap rate - attractive return on investmentOutstanding visibility and signage opportunitiesCentral downtown location - walkable, accessible, and desirableProfessionally managed and well maintainedThis 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.
Key Features
- Built in 1964
- 0.26 acre lot
Property Details
Monthly Cost Estimate
$3,209/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1020 S Townsend Avenue
Montrose, CO 81401
Questions & Answers
This 0-bedroom, 3-bathroom commercial at 1020 S Townsend Avenue is listed at $600,000 ($269/sqft). The estimated monthly payment is $2,600 based on 20% down at 6.5% interest.
Key features include: Built in 1964, 0.26 acre lot.
This property is listed by Twyla Righter and can be reached at 6266449070 or twylarighter@gmail.com.