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427 & 429 E Main Street

Montrose, CO 81401
  • $549,990
  • STATUS: Active
  • ON SITE: 149 Days
  • MLS #: 812711
UPDATED: 55 min ago
$549,990
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 3
    1/2 BATHS
  • 4,800
    SQFT
  • $115
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Listing courtesy of Berkshire Hathaway HomeServices Colorado Properties: 970-249-4663.


Description

8.4 cap!!!! Great tenants, Full NNN 36 month leases. Prime location in the heart of downtown Montrose! Two separately deeded commercial buildings. 427 Main Street is 2500 sq ft with a partial basement and remodeled in 2021, shabby chic style. Main street storefront in the Central Business District. Alley access for unloading and deliveries...Zoned B-1. 429 Main Street is 2300 sq ft. Both units combined is approximately 4,800 sq ft total, plus the basement. Investment opportunity with two 36 month NNN leases. Some historic pictures are added to show the interior opened up as one unit.

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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 2024. 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: 2024-09-16T23:56:26.65.
www.destinationdro.com/homes/149582824
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427 & 429 E Main Street Montrose, CO 81401

  • Price: $549,990
  • Status: Active
  • On Site: 149 Days
  • Updated: 55 min ago
  • MLS #: 812711
0
Beds
0
Baths
3
½ Baths
0.11
Acres
4,800
SQFT
$115
$/SQFT
1900
Built
Neighborhood:
Montrose City
County:
Montrose
Area:
Montrose City
Property Description
8.4 cap!!!! Great tenants, Full NNN 36 month leases. Prime location in the heart of downtown Montrose! Two separately deeded commercial buildings. 427 Main Street is 2500 sq ft with a partial basement and remodeled in 2021, shabby chic style. Main street storefront in the Central Business District. Alley access for unloading and deliveries...Zoned B-1. 429 Main Street is 2300 sq ft. Both units combined is approximately 4,800 sq ft total, plus the basement. Investment opportunity with two 36 month NNN leases. Some historic pictures are added to show the interior opened up as one unit.
Exterior Features

Acreage Range Less than 1/2 Carport No Lot Dimension 5000 Sq Ft Parking CommonOff StreetOn Street Property Attached Yes Sewer Public Sewer Installed Stories 1 Street Description City/Town Water Public Water Well No Waterfront YN No

Interior Features

Basement Sq Ft 1000 Cooling 2 Evap Cooling Type Evaporative Cooler Finished Sq Ft 4800 Flooring Carpet Foundation Basement-Unfinished Furn Fixt Equip None Heating Fuel Source Natural Gas Heating System Forced Air Heating System1 Fang & Boi Main Sq Ft 4800 One Quarter Baths 0 Total Offices 2

Property Features

American Disabil Act No Books Available No Cam No Cap Rate Percent 8.4 Covenants NO Current Business Central Bank Current Use Retail Storefront Enterprise Zone Yes Exchange Trade No Fixtures Included No Inventory Included No Lease Included Yes Monthly Cam Charges 0 Monthly Insurance Charges 129 Net Operating Income 44000 New Construction YN No Owners Association No Possible Property Use General OfficeRetail StorefrontShowroom Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2023 Total Electric Meters 1 Total Gas Meters 2 Total Taxes 5273 Total Water Meters 1 Type Retail Vacancy Factor Prcnt 0 Water Rights No Year Started 2024 Zoning Type BusinessCommercialOffice

[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 2024. 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: 2024-09-16T23:56:26.65.
 
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Destination DRO Real Estate Group
1163 E 2nd Ave
Durango CO, 81301-5155
Listing courtesy of Berkshire Hathaway HomeServices Colorado Properties: 970-249-4663.