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$1,500,000

For Sale

A day ago

MLS® 832082

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Residential Land
Levels Land
Size -
Garage No
Taxes $22,595
Days Active 1
Lot Size 10.3 acres
Approx. Age 
MLS® Number 832082

Property Address: TBD N Hillcrest Dr, Montrose, CO, 81401

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number832082
Laundry Level
Central VacNo
FireplaceNo
Acreage10.3
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 2, 2026List Date
$1,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
TBD N Hillcrest Dr, Montrose, CO

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