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$1,500,000
Est. payment /mo
10.3 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 832082
Annual Tax Amount $22,595
Tax Year 2025
Lot Size 10.300 Acres
Acres 10.3
Property Sub-Type Multi-Family
Property Description
Premier 10-acre multifamily development opportunity near historic downtown Montrose and popular amenities. This parcel was rezoned in 2023 to R-4 (24 units/acre) to help address Montrose's acute housing shortage. R-4 is the city's highest density residential zoning designation. With very few existing apartment buildings in Montrose and housing a top priority for city hall, this site positions a buyer to meet a genuine community need. The site plan is complete for 190 units with full zoning analysis done and utilities stubbed. Water, sewer, and electrical infrastructure is ready to go, positioning the project for a streamlined approval process. Just down the road from the beloved Star Drive-In Theatre, one of Colorado's few remaining drive-in's, and Black Canyon Golf Course, an 18-hole municipal course and Montrose's oldest. This location has all the ingredients for strong market demand and a successful lease-up.
Location
State CO
County Montrose
Zoning Residential Multi Family
Rooms
Dining Room No
Exterior
Utilities Available Electricity Near, Natural Gas Near
Waterfront Description Creek
View Mountains
Building
Sewer Sewer Tap Available
Water Tap Available
Schools
Elementary Schools Johnson K-5
Middle Schools Centennial 6-8
High Schools Montrose 9-12
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Listed by Hoff & Leigh Western Slope, LLC