Description
Excellent investment opportunity on the Western Slope of Colorado! This ideally located commercial space boasts 2 units with an 5.77% CAP rate in a B-2 commercial zone in the City of Montrose! The turnkey building (built in 2017) offers 2 retail commercial units with high quality long term tenants, high daily traffic exposure, and heavy pedestrian traffic as well. One unit is currently operated as a busy specialty coffee store chain with a drive-thru and the second unit is occupied by a trendy juice bar with high traffic and a popular following. *Average daily traffic count: 25,000 vehicles (located within the second busiest intersection in the City of Montrose) *Nearby Pedestrian Traffic: Montrose Regional Health Center, Montrose High School, Colorado Mesa University Montrose Campus and just blocks from Main Street.
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0BEDS
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0.43ACRES
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0BATHS
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21/2 BATHS
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2,626SQFT
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$457$/SQFT
School Ratings & Info
Description
Excellent investment opportunity on the Western Slope of Colorado! This ideally located commercial space boasts 2 units with an 5.77% CAP rate in a B-2 commercial zone in the City of Montrose! The turnkey building (built in 2017) offers 2 retail commercial units with high quality long term tenants, high daily traffic exposure, and heavy pedestrian traffic as well. One unit is currently operated as a busy specialty coffee store chain with a drive-thru and the second unit is occupied by a trendy juice bar with high traffic and a popular following. *Average daily traffic count: 25,000 vehicles (located within the second busiest intersection in the City of Montrose) *Nearby Pedestrian Traffic: Montrose Regional Health Center, Montrose High School, Colorado Mesa University Montrose Campus and just blocks from Main Street.
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This data was last updated: 2023-03-21T21:56:29.547.