33 & 35 N Uncompahgre & 430 N. 1st Street, Montrose, CO 81401
Montrose County
Key Facts
Description
Turn-Key Downtown Montrose Investment | 8.1% Cap Rate 33 & 35 N. Uncompahgre Ave. + 430 N. 1st St | Montrose, CO 81401 Offered at $949,500 | Zoned B-1 | Fully Leased | 8% Cap Rate Exceptional opportunity to acquire a fully occupied, cash-flowing commercial property in the heart of historic downtown Montrose. This three-unit portfolio includes two street-facing buildings (33 & 35 N. Uncompahgre) and a rear-access unit (430 N. 1st), all under long-term leases with established tenants. This corner-lot property is zoned B-1, offering flexibility for retail, office, or mixed-use occupancy in the future. Located within the Opportunity Zone, this asset offers potential tax advantages and long-term upside. Investment Highlights: - Three fully leased units with strong rental history - 6.2% Cap Rate | Immediate cash flow - Zoned B-1 (Central Business District) - High visibility location with strong pedestrian and vehicle traffic - Located in Montrose’s Opportunity Zone - Individually metered units with private entrances - Low maintenance investment with upside potential
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Living Area
9,500 sq ft
Lot Size
0.21 acres
MLS® Listing#
824709
Property Features
Heating
Flooring
Lot Features
Foundation
Financial Details
Annual Taxes
$11,555
Tax year 2025
Parcel Number
376728403017
Directions
From Main and Townsend: Head north on Townsend to N. 1st Street. Turn right. Turn right on N. Uncompahgre and the property is on the NE corner of N. 1st and N. Uncompahgre.
Affordability Calculator
$189,900
Estimated monthly payment
$5,054/mo
Principal $759,600 · Est. interest $1,059,710 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Montrose, CO
- $557,798
- Median Listing Price
- 72
- Median Days on Market
- 1,848
- Median Sq Ft
- $299
- Median Price / Sq Ft
- 372
- Active Listings
- This home’s price is 70% above the area median.
- Its price per sq ft is 67% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Montrose, CO.
Location
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Points of Interest in Montrose, CO
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2033 Otter Pond Circle, Montrose, CO | $665,000 | 3 | 2 | 1,593 |
| 2623 Alcott Circle, Montrose, CO | $669,000 | 3 | 3 | 2,037 |
| 3736 Buffalo Lane, Montrose, CO | $673,600 | 4 | 3 | 2,601 |
| 68238 Miami Road, Montrose, CO | $675,000 | 3 | 3 | 2,440 |
| 70746 Buckhorn Road, Montrose, CO | $675,000 | 3 | 3 | 2,152 |
| 511 Chipeta Road, Montrose, CO | $675,000 | 4 | 2 | 1,078 |
Moving Cost Estimate
EXIT Agents in Montrose
Listing Courtesy: Keller Williams Realty Southwest Associates, LLC - Montrose
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Real Estate listings held by companies other than Keller Williams Realty Southwest Associates, LLC - Montrose contain that company's name.
Fair Housing Disclaimer
Date Last Updated
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