2201 S Townsend Ave - Department Store FOR SALE


Montrose, CO 81401
$2,400,000 USD
2201 S Townsend Ave, Montrose, CO for Sale
$2,400,000 USD
Department Store - FOR SALE
1/23
null | Request Cap Rate

2201 S Townsend Ave
Montrose, CO 81401


HIGHLIGHTS

  • Great Visibility
  • Easy Access
  • Ample Parking
  • oading Dock

OVERVIEW

The largest retail space in Montrose is currently available on South Townsend Ave. The ~22,750 sq.ft. (MOL) space features large retail area, 2 offices, 2 ADA bathrooms, breakroom, loading dock and ample receiving and storage. Building is situated in the city’s major trade corridor with strong area demographics; highly desirable storefront is conveniently located adjacent to S. Townsend/Hwy 550. Unit currently leased to Office Depot; lease expires Nov 30, 2028, with option to renew 3 additional years. Central in-line space with Harbor Freight and Big 5 Sporting Goods, presents a rare investment opportunity for a destination store in an established retail center. Impressive visibility, signage and traffic count with 25,000+ daily vehicles. Shopping center features 340+ feet of frontage, a pylon sign and 367 parking spaces. Zoned B-2 in the City of Montrose.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$75 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Office Depot

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

267

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

B-2

APN/PARCEL ID

R0025065

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