Valerie Meyers - Coldwell Banker Distinctive Properties

Description

Premier Space with High Rental Income! 3,456 sq.ft. (MOL) high-quality, fully leased office/retail building just off N. Townsend Ave/Hwy 550. NNN lease featuring 6.0% cap rate, escalation over two-year additional option and a medical tenant. A NNN lease agreement ensures a growing income stream for the property owner, helps raise the value of the property and places all the responsibility and cost on the tenant. Diversify your portfolio with this investment-grade NNN property. Built in 2007, the building is in excellent condition. Main level is divided into two spaces with separate entrances with flexibility to accommodate two businesses. East half has large reception/waiting room area with vaulted, exposed beam ceiling. West half has retail showroom also with vaulted, exposed beam ceiling. Combined space shares five offices, a conference room, large work space/lab with elevated counters and sink, storage, breakroom and ADA restroom. Finished basement with its bath, kitchenette and added storage can double as an employee lounge. Boasts large pedestal sign, fully landscaped lot, central A/C, solid wood doors, high-speed-Internet wiring and a low-maintenance stucco/cultured stone exterior. Zoned B-2 (Highway Commercial District) in the City of Montrose. Located across from Montrose High School. Off-street and private parking. The property is Opportunity Zone Designated.

Details

MLS#728423
Sub-TypeResale
StatusPending - Show
Year2007
Days On Site580

Features

SQ Feet3,456
Story(s)2
Units2
ZoningB-2

Market Activity 81401

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Area Information

StateCO
CityMontrose
Zip Code81401
AreaMontrose City
Listing VS Median (in 81401)
Price:
$499,888
low | high
Med:
$212,450
100% of Average
SqFt:
3,456
low | high
Med:
860
100% of Average
$ / SqFt:
$145
low | high
Med:
$62
100% of Average
On Site:
580
low | high
Med:
284
100% of Average
Listing Updated: 09/18/2018
MLS Number: 728423
Listing Provided By:
John Renfrow  of  Renfrow Realty



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