2267 S Townsend Ave - Department Store CONDO FOR SALE


Montrose, CO 81401
$2,400,000 USD
970-249-5001
2267 S Townsend Ave, Montrose, CO for Sale
$2,400,000 USD
Department Store CONDO - FOR SALE
1/46
null | Request Cap Rate

2267 S Townsend Ave
Montrose, CO 81401


HIGHLIGHTS

  • High Traffic
  • Ample Parking
  • Long-Term Tenant

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. Property 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 267 parking spaces. Zoned B-2 in the City of Montrose.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$105 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

TOTAL BUILDING SIZE

31,926 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

267

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

B-2

APN/PARCEL ID

R0025065,R0652067

ASK ABOUT THIS PROPERTY

John RenfrowRenfrow RealtyMore Info
970-249-5001

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John RenfrowRenfrow RealtyMore Info
970-249-5001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.