Asking Price: $699,000

High traffic visibility & endless uses for the sought after B-2 Zoning. Building w/parking lot plus turning lane off of the main street. Located on the main street/highway through Montrose CO, S Townsend Avenue AKA Highway 550. Across from the Montrose High School. One of the highest CDOT traffic counts. 13’ high steel tube signage frame at front. City allows for much more signage. Currently used as a Professional Office and 2nd entrance serves as a studio apartment, but has been rented as a commercial space through the years. Now assessed for Commercial Use this building may be used for the following (+ more): Commercial - Residential, Mixed Use as Commercial and Residential. Retail stores, business and Professional Offices, and Service Establishments which cater to the general shopping public, Libraries and museums, gov buildings/facilities, Public utility service facilities, Private/fraternal clubs, Theaters, Restaurants, Taverns, College/adult ed, Places of worship, Childcare facilities, Parks and playgrounds. Accessory uses, Hotels and motels (off-street parking required), Single-family homes, duplexes, multiple-family residences (off-street parking required). Parking facilities. Public transportation facilities, Renewable energy facilities, Short-term rentals. And more, per City of Montrose Municode Chaper 4-4. Buyer to verify specific use with City Planning Dept. First Floor: Current Use: 1) Main Entrance Door #1 - (4) offices plus ADA Bathroom + 2 rooms upstairs 2) Main Entrance Door #2 - 2020 Remodel of 500 sq ft (mol) Studio Apartment/Commercial Office. This space also has a fully enclosed ext deck in back with 6’ privacy fence. Space has been rented as Commercial and as Residential. Ideal for Short -Term rental with it’s own private front & back doors + parking. New electric - breaker box in 2020. Currently rented mo-to-mo for $1095./mo. Second Floor - 2 finished rooms/offices currently used as Storage. Full Heated & Cooled Basement: Currently used for Storage-Unfinished. This building has FANG and central A/C, metal roofing, updated vinyl windows, wood floors, alarm system and much more. Sewer line has been partially replaced/repaired in 2020 by Haynes (video available). Furnishings negotiable. Very well maintained structure. Lots of possibilities.