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$27,000,000
13.33± Acres
Active
Montrose County, CO
Contact Maps

TBD 6700 Road, Montrose, Colorado

MLS ID: 840019
Status: Active
Price: $27,000,000
Acres: 13.33±
Type: Multi-Family
Address: TBD 6700 Road
City, State: Montrose, CO
County: Montrose County
ZIP Code: 81401
Lat/Long: 38.49059144, -107.83984767
Parcel Number: 376723406003
Listing Agent: Debra Harmon
Listing Office: 20 Sleeps West Real Estate
Office Phone: (970) 901-5131
Office Email: info@20sleepswest.com
SqFt: 90,000
Year Built: 2027

Description

RARE $27 MILLION OPPORTUNITY ZONE MULTIFAMILY INVESTMENT — 96 PROPOSED RESIDENTIAL UNITS IN MONTROSE, COLORADO! An exceptional opportunity for qualified investors, developers, and investment groups seeking a substantial new-construction multifamily development within a currently designated Qualified Opportunity Zone. This TO-BE-BUILT residential community proposes approximately 90,000 square feet encompassing 96 apartments, including 24 one-bedroom units, 48 two-bedroom/two-bath units, and 24 three-bedroom/two-bath units. Planned features include stainless-steel appliances, in-unit washers and dryers, natural-gas heating, central air conditioning, private decks, individually metered utilities, and carport parking. Strategically positioned on a highly visible corner site across from an elementary school and conveniently located near downtown Montrose, this development offers the potential for long-term residential rental income, operational efficiencies, and asset appreciation. Of particular interest is the property's current Opportunity Zone location, which may provide significant federal capital-gains tax advantages for eligible investors through a properly structured qualifying investment. An outstanding opportunity to explore the development of a sizable multifamily asset in Western Colorado's regional hub. Offered at $27,000,000. TO BE BUILT. Development details and Opportunity Zone tax eligibility are subject to verification. Contact the broker for additional information.

Additional Information

Interior

Building Area Total: 90,000
Furnished: Unfurnished

Exterior

Irrigation Water Rights (Yes/no): Yes

Financial/HOA/Schools

Days On Market: 5
Elementary School: Johnson K-5
Middle School: Centennial 6-8
High School: Montrose 9-12

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Listed By: Debra Harmon of 20 Sleeps West Real Estate