$240,000

846 N 1st Street

Montrose CO, 81401

Description

This is an exceptional property with its ability to either be (1)owner/business occupied, plus receive the possible VRBO or Airbnb rental income, or longer term rental income generated by the 2 bedroom/1 bath apartment upstairs, or (2) lease out the entire lower level of the building to others desiring downtown office space that is within walking distance of just about everything... and use the upper level for a VRBO, Airbnb or a longer term tenancy. Lots of possibilities for use and income! The main space is divided into 5 offices, ( or 4 offices with a copy/storage/general work area room), plus a conference room. There is an entry vestibule that opens to a reception/seating area. The reception area has a bay window which makes this area welcoming and light-filled. There are two bathrooms and a kitchen bar area with sink. There are just a lot of ways a work environment could be set up in this building! Most of the windows are vinyl with a couple of the originals still in place. There is one office with original hardwood floors, and because of the era when built, there is a possibility of hardwood floors in other rooms. The apartment upstairs, in addition to the 2 bedrooms, also has a separate/office/ flex area. The grounds are for the most part xeriscaped with trees and old growth lilacs, on a drip system. The heat in the main level is forced air natural gas with central air. The upstairs apartment has a window AC unit and electric baseboard heaters .There is additional storage on the east side of the building accessed by an outside locked door and a shed in the back yard. The B2 Zoning additionally allows all Uses by Right of B1 Zoning. Single family residential, duplexes, and multiple family residences are allowed per zoning regs . This property is waiting for YOUR ideas!

Details

MLS#758752
StyleIQWeb_Office Bldg
Sub-TypeResale
StatusActive
Year1915
Days On Site130

Features

SQ Feet2,549
Story(s)2
Units2
ZoningB-2

Market Activity 81401

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Area Information

StateCO
CountyMontrose
CityMontrose
Zip Code81401
AreaMontrose City
Listing VS Median (in 81401)
Price:
$240,000
low | high
Med:
$242,000
49.166666666667% of Average
SqFt:
2,549
low | high
Med:
1,383
95.743428795606% of Average
$ / SqFt:
$94
low | high
Med:
$175
35.845384429983% of Average
On Site:
130
low | high
Med:
37
100% of Average
Listing Updated: 10/18/2019
MLS Number: 758752
Listing Provided By:
Deborah Reed  of  Phelps Real Estate Group LLC



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