# 1702 E Main Street, Montrose, CO 81401

> **TL;DR:** single family, $3,850,000. Est. $16,683/mo. Listed 288 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,850,000 |
| Property Type | Single Family (Other) |
| Status | For Sale |
| Days on Market | 288 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $16,683 |
| **Total** | **$16,683** |

## Description

### Agent Description
Rare Investment Opportunity: Lodging & RV Park - Montrose, CO Diversified Hospitality Asset in a Booming Colorado Destination This is your chance to acquire a turnkey, multi-faceted hospitality portfolio in the heart of one of Colorado's most scenic & rapidly expanding markets-Montrose. This rare investment opportunity combines: - A 58-key lodging property - A fully equipped 23-spot RV park (Will be delivered Entitled - ready to build) Lodging Property Highlights: - Size: 32,866 SF | Acreage: 3.25 Acres - 58 exterior corridor rooms - Strong performance: $1.1M Yearly Revenue With 40% NOI & 74% yearly occupancy - Attractive basis: Priced at only $60,000 per key + $475,000 RV Park Land - Recent capital improvements of $300,000+, including: o New PTAC units (17 Rooms) o Foundation & structural upgrades o Framing, plumbing, & new paint o New exterior paint o Modernized guest amenities: o Renovated lobby with indoor/outdoor seating o Business center & fitness room o Restrooms with showers o Flexible branding: keep or remove Wyndham flag RV Park Features (ONCE BUILT): - 23 dedicated RV spots with individual hookups - Shared access to top-tier guest amenities: - (Club House - Already Built) - Lounge area - Laundry room - Fitness center - Restrooms & showers - Indoor/outdoor dining area - Stabilized projected NOI: $125,000 - $150,000 annually - Strategically positioned to attract seasonal travelers, RV nomads, & adventure tourists - RV park permitted use will be complete 04/30/26. City is in the process of upgrading sewer line. RV park cannot tie into the sewer line until November 2027. ________________________________________ Location Advantages: - Minutes from Montrose Regional Airport - Direct Flights From Denver, DFW - Easy drive to Telluride, Silverton, Ridgway, Ouray, & the Black Canyon of the Gunnison - A growing base of year-round tourism, hunting, national park visitors, & outdoor adventure travelers ________________________________________ Investment Summary: Component Key Metrics Lodging Property 58 rooms Offered at $3,975,000 RV Park 22 spots, projected income $125,000 $150,000k Total Acreage: 3.82 Acres (combined) Branding Option Franchise (Wyndham) or Go Independent with low Liquidated Damage ________________________________________ Why Invest Now? - Peak tourism season approaching - Value-add NOI upside projected $125,000-$150,000k yearly - High-demand hospitality submarket with growing regional traffic - Diversified revenue streams from rooms

## Location

- **Address:** 1702 E Main Street, Montrose, CO 81401
- **County:** Montrose
- **Coordinates:** 38.487586, -107.861658
- **Google Maps:** https://www.google.com/maps?q=38.487586,-107.861658

## Listing Agent

- **Name:** Katie Davis
- **Brokerage:** BRAY/COMMERCIAL
- **Phone:** 9707785083
- **Email:** katie@brayandco.com

## Primary Photo

![1702 E Main Street - Primary Photo](http://lh.rdcpix.com/1311b41d924f671bbb30932af09e094cl-f1290177r.jpg)

*27 total photos available on [listing page](https://www.propertysimple.com/listing/1702-e-main-street-montrose-co-81401-20253028)*

---

**MLS#:** 20253028 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Grand Junction Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1702-e-main-street-montrose-co-81401-20253028)

---

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