Lot 2-tbd) Wilson Avenue

Montrose, CO 81425

$545,000
Price
98,881 / 2.27
Lot Size / Acres

Description

Prime Investment Opportunity in Western Colorado's Opportunity Zone! This 2.27-acre parcel in the heart of Western Colorado offers a rare opportunity for investors looking to capitalize on the tax incentives and long-term growth of an Opportunity Zone. Located adjacent to Olathe School and the football stadium, this property is ideally positioned for a high-demand residential development with broad zoning flexibility. Zoned for residential use, the possibilities are nearly endless—whether you're...Prime Investment Opportunity in Western Colorado's Opportunity Zone! This 2.27-acre parcel in the heart of Western Colorado offers a rare opportunity for investors looking to capitalize on the tax incentives and long-term growth of an Opportunity Zone. Located adjacent to Olathe School and the football stadium, this property is ideally positioned for a high-demand residential development with broad zoning flexibility. Zoned for residential use, the possibilities are nearly endless—whether you're envisioning multi-family units, duplexes, or even an entire residential neighborhood. With zoning that allows buildings up to 35 feet in height, you can maximize the space with 3-story buildings, capturing stunning mountain views to the south. Key features include: Utilities to the property or nearby Roads on the west and south sides for efficient access and reduced development costs Completed soil testing and a newly finished topographic survey, streamlining the development process The seller has already designed plans for 8-plex apartment buildings, making this a plug-and-play opportunity to build in phases and scale up. Whether your vision includes affordable housing, condos, senior living, or single-family patio homes, this property checks all the boxes for an investor looking to maximize returns while meeting the growing housing demands in Western Colorado. Lock in a secure investment that not only generates income but also qualifies for favorable tax treatment through the Opportunity Zone. This is your chance to shape the future of housing in this fast-growing region—come see the potential for yourself!
  1. Listed by Todd Schroedel • United Country Sneffels Realty

Property Details for Lot 2-tbd) Wilson Avenue

Water Front
No
Zoning
Residential Multi Family, Residential Single Family, Other
Views
Mountains, Other, Valley
Subdv Name
None
LISTING UPDATED: 10/24/2024 01:38 AM

Property Details for Lot 2-tbd) Wilson Avenue

StatusActive
MLS #818923
Days on Market64
Taxes$5,119 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLAND / Residential
Year Built-
Lot Size2.27 AC
CountyMontrose County

Building Information for Lot 2-tbd) Wilson Avenue

Building Size-Lot Size2.27 AC

Property Information for Lot 2-tbd) Wilson Avenue

Summary
Location and General Information
  • Directions: From Olathe Stoplight travel north to 2nd Street. East on 2nd Street. Property is at the end, adjacent to the gates to the football stadium.
  • Fronts: 2nd-Wilson-Highway
Owner
  • Owner Name: Baillie Properties Olathe
School Information
  • Elementary School: Olathe K-5
  • Middle School: Olathe 6-8
  • High School: Olathe 9-12
Taxes and HOA Information
  • HOA Y/N: No
  • Tax Year: 2023
  • Total Taxes $: 5119.12
Property
Property and Assessments
  • FIPS Code: 08085
  • Legal/Lot Block: See Agent for Legal Description. Parcel 2 only.
  • Photo Count: 22
  • Disclosures: Pets Allowed
  • Covenants Y/N: NO
  • Board Name: MONTROSE ASSOCIATION OF REALTORS
  • Acres Source: ILC
  • Income Producing: No
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Lot Size/Acerage: 1-5 Acres
  • Current Property Use: Other-see remarks
  • Possible Property Use: Residential Single Family, Other-see remarks, Dry Land
  • Lot Dimension: 411x261 M/L
  • Parcel ID #: 3.72310400028E11
  • Elevation: 5355
  • Property Description: Cul-de-sac, Foothills, Corners Marked, Boundaries Surveyed
Utilities
  • Utilities: Electricity Near, Phone Near, Natural Gas Near, Phone - Cell Reception
  • Sewer Tap Avail: Yes
  • Sewer/Septic In: No
  • Sewer Paid: No
  • Water Tap Avail: Yes
  • Water Tap Installed: No
  • Water Tap Paid: No
  • Mineral Rights: Unknown
  • Modular/Mobile Allow: Both
  • DOMESTIC WATER: Public, Tap Available
  • DOMESTIC SEWER: Sewer Tap Available, Central
  • Water Well: No
Interior and Exterior Features
Room Information
  • 1/2 Baths: 0
  • 3/4 Baths: 0
  • 1/4 Baths: 0
Exterior Features
  • Horse Setup: No
  • Fence: Partial Property
  • Topography: Level, Sloped

Property History for Lot 2-tbd) Wilson Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

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More information about Lot 2-tbd) Wilson Avenue, Montrose, CO 81425

Lot 2-tbd) Wilson Avenue is a 2.27 ac of land for sale in Montrose, CO 81425. This property was listed for sale on October 21, 2024 by United Country Sneffels Realty, it's currently listed at $545,000. Lot 2-tbd) Wilson Avenue is a 0-bed, 0-bath, 2.27 ac of land on a 98,881 sq. ft. / 2.27 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of United Country Sneffels Realty, Todd Schroedel

Based on information from one of the following Multiple Listing Services: CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.