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1047 N 1st Street

Montrose, CO 81401
  • $570,000
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: 829446
UPDATED: 32 min ago
$570,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 2
    1/2 BATHS
  • 1,308
    SQFT
  • $436
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1946
County:

School Ratings & Info

Listing courtesy of Real Colorado Properties: 970-256-9700.


Description

Prime Downtown Montrose Restaurant Property " Turnkey Opportunity for Restaurateurs or Investors Meticulously maintained and thoughtfully updated, this 1308 sq ft restaurant building sits on a double lot in the heart of Downtown Montrose, Colorado. Zoned B4, this property offers exceptional versatility and investment potential. The building features a fully equipped commercial kitchen, indoor dining area, and outdoor patio seating on both the front and side"perfect for Colorados sunny seasons. Two large outdoor sheds provide ample storage, including one equipped with multiple refrigerators and freezers. Theres also plenty of space in the back to park a trailer or expand the footprint for future growth. Currently home to the beloved Lighthouse Eatery, Home of the Famous Green Chili Breakfast Burrito and Homemade Bear Paw Bread, a long-standing Montrose dining favorite for nearly 12 years, this property is ideally situated just steps from Main Street, boutique shops, galleries, and local theaters. It benefits from strong foot traffic, staff parking behind the building, and abundant public parking nearby. With high visibility, a thriving tourism-driven market near the Black Canyon of the Gunnison National Park, and easy access to Montroses many outdoor venues, this property presents a strategic opportunity for restaurateurs, developers, or investors looking to thrive in Western Colorados fastest-growing market. Property next door at 1037 is also for sale from same owner, can make a deal for 2 properties. Live in 1 and work in the other. MLS# 829454

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[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2025. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Destination DRO Real Estate Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2025-11-09T22:56:21.833.
www.destinationdro.com/homes/169182613
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1047 N 1st Street Montrose, CO 81401

  • Price: $570,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 32 min ago
  • MLS #: 829446
0
Beds
0
Baths
2
½ Baths
0.28
Acres
1,308
SQFT
$436
$/SQFT
1946
Built
Neighborhood:
Montrose City
County:
Montrose
Area:
Montrose City
Property Description
Prime Downtown Montrose Restaurant Property " Turnkey Opportunity for Restaurateurs or Investors Meticulously maintained and thoughtfully updated, this 1308 sq ft restaurant building sits on a double lot in the heart of Downtown Montrose, Colorado. Zoned B4, this property offers exceptional versatility and investment potential. The building features a fully equipped commercial kitchen, indoor dining area, and outdoor patio seating on both the front and side"perfect for Colorados sunny seasons. Two large outdoor sheds provide ample storage, including one equipped with multiple refrigerators and freezers. Theres also plenty of space in the back to park a trailer or expand the footprint for future growth. Currently home to the beloved Lighthouse Eatery, Home of the Famous Green Chili Breakfast Burrito and Homemade Bear Paw Bread, a long-standing Montrose dining favorite for nearly 12 years, this property is ideally situated just steps from Main Street, boutique shops, galleries, and local theaters. It benefits from strong foot traffic, staff parking behind the building, and abundant public parking nearby. With high visibility, a thriving tourism-driven market near the Black Canyon of the Gunnison National Park, and easy access to Montroses many outdoor venues, this property presents a strategic opportunity for restaurateurs, developers, or investors looking to thrive in Western Colorados fastest-growing market. Property next door at 1037 is also for sale from same owner, can make a deal for 2 properties. Live in 1 and work in the other. MLS# 829454
Exterior Features

Acreage Range Less than 1/2 Carport No Lot Dimension 50x125 Parking On Street2-10 Total Spaces Parking Spaces 5 Property Attached Yes Property Description Corner Sewer Public Sewer Installed Stories 2 Street Description City/TownPaved Water Public Water Well No Waterfront YN No

Interior Features

Basement Sq Ft 600 Finished Sq Ft 1308 Furn Fixt Equip Yes Lighting Single Phase Main Sq Ft 1308 One Quarter Baths 0 Total Offices 0

Property Features

Books Available Yes Cam No Covenants NO Current Business Light House Eatery Current Use Restaurant Desc Of Business Eatery Documents On File Plot Plan/Plat/Survey Exchange Trade No Existing Utilities ElectricInternetNatural GasPhoneSanitary SewerWater Fixtures Included Yes Inventory Included Yes Lease Included No New Construction YN No Owners Association No Possible Property Use Bar/LoungeMixed-UseOffice WarehouseRestaurantRetail Storefront Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2025 Total Taxes 3219.04 Type Restaurant Water Rights No Year Started 2013 Zoning Type Business

[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2025. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Destination DRO Real Estate Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2025-11-09T22:56:21.833.
 
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Destination DRO Real Estate Group
1163 E 2nd Ave
Durango CO, 81301-5155
Listing courtesy of Real Colorado Properties: 970-256-9700.