Tbd E Main Street , Montrose, CO 81401
Montrose, CO 81401
Description
PROJECTED NOI: $85,800 (AIRDNA) PROJECTED Net Cap Rate 7.2% (AIRDNA) Four (Potential 5) Room Bed & Breakfast Inn in Montrose, Colorado, presents an exceptional investment opportunity, ideal for various ventures such as boutique hotels, Airbnb, lifestyle accommodations, or wedding venues. Once subdivision is complete this property is expected to generate $85,800 in NOI with a projected 7.2% net cap rate (AIRDNA Source). The interior includes a welcoming guest check-in area, four (potentially five) elegantly designed suites, and four well-appointed bathrooms. Cozy fireplaces enhance the ambiance, while five separate entrances provide convenience and privacy. Located within walking distance of local eateries, including a Mexican restaurant and a bar, the property also features a manager's live-in suite complete with a bathroom and kitchen. Guests will appreciate amenities like an outdoor pool, a designated cooking area, and private patios. Ample parking is available, accommodating up to 15 vehicles. Situated just minutes from the Montrose Regional Airport, this property is the perfect gateway to the Telluride ski resort, Silverton, and various year-round recreational activities. Its convenient proximity to popular destinations such as Ridgeway, Ouray, Grand Junction, and Durango makes it a prime location that should not be overlooked. Property Facts: 3,700 Square Feet 0.57 Acres Guest Check In Area Manager Live In Suite (Includes Bathroom & Kitchen) 4 Suites (Potential 5) 4 Bathrooms Fireplaces 5 Separate Entrances Private Patios Exterior Cooking Area Outdoor Pool 15 Parking Spaces Main Street Access & Visibility Walking Distance to Restaurants Seller Financing Available Montrose Facts: Elevation: 5,807 Population: 21,003 (2022) Total Area: 18.5 Square Miles Founded 1882
Details
| MLS# | 818176 |
|---|---|
| Listing Type | For Sale |
| Style | Hospitality |
| Sub-Type | Resale |
| Status | Active |
| Year | 1955 |
| Days On Site | 115 |
| Listing Provided By | Bray Commercial LLC | Katherine Davis |
Features
| Bath(s) | 4 Total |
|---|---|
| SQ Feet | 3,261 |
| Story(s) | 1 |
| Units | 5 |
| Zoning | Business |
| Acreage | 0.57 |
Market Activity 81401
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2025. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer
Real Estate listings held by companies other than CREN contain that company’s name.
Fair Housing Disclaimer
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CO |
|---|---|
| County | Montrose |
| City | Montrose |
| Zip Code | 81401 |
| Area | Montrose City |
| Listing VS Median (in 81401) | |
Price: $1,200,000 low | high Med: $445,000 SqFt: 3,261 low | high Med: 1,549 $ / SqFt: $368 low | high Med: $288 On Site: 115 low | high Med: 107.000000 | |