Tbd South Highway 550 & Otter Road

Montrose, CO 81401

$2,745,000
Price
291,416 / 6.69
Lot Size / Acres
a view of a city with a lake
a view of a city
a view of an outdoor space with a lake view
a view of a city and an ocean view
a view of a city with an ocean view
a view of a yard with plants
an aerial view of a house with a yard and lake view
a view of a yard with an outdoor space
a view of lake view and mountain view
an aerial view of a highlighted house
a view of a street with a building in the background
a view of garden with trees
a view of a lush green space next to a yard
a view of a city
a view of a lake with lots of trees
a view of lake from a yard
a view of a tennis court
a view of an outdoor space and yard
a garden view
a backyard of a house with table and chairs
a garden view with a lake view
a view of a garden with a building in the background
a grassy field with trees in the background
a view of backyard with trees
a view of a grassy field with trees
a view of a yard
a view of a field with grass and trees
a view of swimming pool with a yard
a map view of location

Description

Prime highway frontage just south of Target in Montrose with majestic mountain views! This is arguably the most beautiful commercial parcel in Montrose and would be suitable for a hotel, retail center, medical offices, a restaurant, etc.! Shovel-ready development. There is a current approved plan and full architectural drawings for an 89 unit senior living project with 9900 square feet of retail/office at the intersection of Hwy 550 and Otter Road. This parcel has high visibility with around 1,300+...Prime highway frontage just south of Target in Montrose with majestic mountain views! This is arguably the most beautiful commercial parcel in Montrose and would be suitable for a hotel, retail center, medical offices, a restaurant, etc.! Shovel-ready development. There is a current approved plan and full architectural drawings for an 89 unit senior living project with 9900 square feet of retail/office at the intersection of Hwy 550 and Otter Road. This parcel has high visibility with around 1,300+ feet of highway frontage and approximately 900 feet of Uncompahgre River frontage. The City of Montrose has a river corridor master plan and 2.5 acres of this parcel were deeded to the City to complete the first major section of Riverwalk. This property is zoned B-2, Highway Commercial District. If a supreme commercial location, river frontage, views and easy access is what you are looking for, then here is your property.
  1. Listed by Mandy Snell • Norris-Phillips Real Estate, LLC
  2. Listed by Doug Phillips • Norris-Phillips Real Estate, LLC

Property Details for Tbd South Highway 550 & Otter Road

Water Front
Yes
Zoning
Business, Commercial
Views
Mountains, Stream/River, Valley
Waterfront
River/Stream
Subdv Name
None
LISTING UPDATED: 10/10/2024 01:38 AM

Property Details for Tbd South Highway 550 & Otter Road

StatusActive
MLS #816931
Days on Market107
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLAND / Commercial
Year Built-
Lot Size6.69 AC
CountyMontrose County

Building Information for Tbd South Highway 550 & Otter Road

Lot Size6.69 AC

Property Information for Tbd South Highway 550 & Otter Road

Summary
Location and General Information
  • Directions: South on Hwy 550, west on Otter Road. (South of Target)
  • Fronts: S Hwy 550
Owner
  • Owner Name: MSL RFL, LLC
School Information
  • Elementary School: Cottonwood K-5
  • Middle School: Columbine 6-8
  • High School: Montrose 9-12
Taxes and HOA Information
  • HOA Y/N: No
  • Tax Year: 2024
  • Total Taxes $: 21142 est
Property
Property and Assessments
  • FIPS Code: 08085
  • Legal/Lot Block: Lot 1, Montrose Lodge Final Planned Development Amendment 1
  • Photo Count: 30
  • Disclosures: Wetlands, Seller is Licensed Agent, Flood Plain Area, Other
  • Covenants Y/N: NO
  • Board Name: MONTROSE ASSOCIATION OF REALTORS
  • Income Producing: No
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Lot Size/Acerage: 5-10 Acres
  • Current Property Use: Horses, Grazing(no irrig.)
  • Possible Property Use: Commercial
  • Parcel ID #: 3.99304314001E11
  • Elevation: 5,895
  • Property Description: Cleared, Corner, Adj to Greenbelt, Boundaries Surveyed, Pasture
Utilities
  • Utilities: Electricity Near, Natural Gas Near, Other
  • 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
  • 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: Yes
  • Fence: Barbed Wire
  • Topography: Level

Property History for Tbd South Highway 550 & Otter Road

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 Tbd South Highway 550 & Otter Road, Montrose, CO 81401

Tbd South Highway 550 & Otter Road is a 6.69 ac of land for sale in Montrose, CO 81401. This property was listed for sale on August 9, 2024 by Norris-Phillips Real Estate, LLC, it's currently listed at $2,745,000. Tbd South Highway 550 & Otter Road is a 0-bed, 0-bath, 6.69 ac of land on a 291,416 sq. ft. / 6.69 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. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Norris-Phillips Real Estate, LLC, Mandy Snell; Norris-Phillips Real Estate, LLC, Doug Phillips

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.