Angie Keele - Coldwell Banker Distinctive Properties
Tbd Grand Avenue
Montrose, CO 81401

Description

One of Colorado's most exciting and well known projects, the Colorado Outdoors development is a 164-acre revitalization of northern section of Montrose along the famed Uncompahgre River. The master plan is a highly divisible yet flexible campus of high-end commercial, residential and industrial options. The area was recently approved as an Opportunity Zone by the Colorado State Governor's office and the United States Department of the Treasury, allowing for significant investor and business tax credits through the temporary deferral of capital gains. The property is also in a special Tax Increment Financing (TIF) district, allowing for investor / developer cost repayment of civil engineering fees and infrastructure costs such as roads, utilities, landscaping, and parking lots. An estimated $83 million is CURRENTLY UNDER CONSTRUCTION, including site work, infrastructure, improvements, open space and river restoration, with future gold-medal fishing and a world-class trail along the river. The northern section is comprised of hotel and restaurant sites, with retail spanning Grand Avenue along the east end. Modern, quality housing units comprise the southern end, with abundant open space and trail access adjoining the properties. Customize your plot size and location to fit your businesss needs. Each plot is subject to final plat. Water and Sewer Taps are negotiable. High-speed, fiber optic internet is available. Please review the Master Plan map located in Associated Documents for detailed pricing, property type and overall layout.

Details

MLS#739390
Sub-TypeResale
StatusActive
Days On Site400

Features

Acreage0.50
Water FrontYes
Property ViewYes

Market Activity 81401

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Area Information

StateCO
CountyMontrose
CityMontrose
Zip Code81401
AreaMontrose City
Listing VS Median (in 81401)
Price:
$152,460
low | high
Med:
$206,944
14.263413354322% of Average
On Site:
400
low | high
Med:
174.5
100% of Average
Listing Updated: 12/14/2018
MLS Number: 739390
Listing Provided By:
John Renfrow  of  Renfrow Realty



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