Skip To Content

    816 S 5th Street

    Montrose, CO 81401
    • $1,650,000
    • STATUS: Active
    • ON SITE: 91 Days
    • MLS #: 784939
    $1,650,000
    • 0
      BEDS
    • 0.57
      ACRES
    • 1
      BATHS
    • 5
      1/2 BATHS
    • 7,655
      SQFT
    • $216
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1992
    County:

    School Ratings & Info

    Listing courtesy of Renfrow Realty.


    Description

    Impressive, Class-A investment property located in Montrose's main medical hub. Two-story building is one block south of Montrose Memorial Hospital. 6,929 sq.ft. (MOL) fully leased care-facility building on 0.57-acre (MOL) lot. The NNN lease agreement ensures a growing income stream for the owner, helps raise the property value and places all the responsibility and cost on the tenant. Built in 1992, this top-notch, well-maintained, fiber wired building has 20 exam rooms, 7 private offices, large reception/waiting area, 5 ADA restrooms, 5 nurses' stations, lab area and 1 procedure room. Upstairs has breakroom, restroom with shower, storage and access to the attic. Outside features attractive landscaping, appealing, low-maintenance brick exterior and a large parking lot with 32 general and 5 ADA parking spots. Property zoned OR "Office/Residential in the City of Montrose. Diversify your portfolio with this investment-grade NNN property!

    Monthly Payment Calculator

    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2021. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
    FULL CREN Disclaimer

    Real Estate listings held by companies other than Berkshire Hathaway HomeServices Western Colorado Properties contain that company’s name.
    Fair Housing Disclaimer

    This data was last updated: 2021-10-22T23:56:23.41.
    www.homesforsaledurango.com/homes/119648463
    Print Image

    816 S 5th Street Montrose, CO 81401

    • Price: $1,650,000
    • Status: Active
    • MLS #: 784939
    0
    Beds
    1
    Baths
    5
    ½ Baths
    0.57
    Acres
    7,655
    SQFT
    $216
    $/SQFT
    1992
    Built
    Neighborhood:
    Montrose City
    County:
    Montrose
    Area:
    Montrose City
    Property Description
    Impressive, Class-A investment property located in Montrose's main medical hub. Two-story building is one block south of Montrose Memorial Hospital. 6,929 sq.ft. (MOL) fully leased care-facility building on 0.57-acre (MOL) lot. The NNN lease agreement ensures a growing income stream for the owner, helps raise the property value and places all the responsibility and cost on the tenant. Built in 1992, this top-notch, well-maintained, fiber wired building has 20 exam rooms, 7 private offices, large reception/waiting area, 5 ADA restrooms, 5 nurses' stations, lab area and 1 procedure room. Upstairs has breakroom, restroom with shower, storage and access to the attic. Outside features attractive landscaping, appealing, low-maintenance brick exterior and a large parking lot with 32 general and 5 ADA parking spots. Property zoned OR "Office/Residential in the City of Montrose. Diversify your portfolio with this investment-grade NNN property!
    Exterior Features

    Acreage Range .5-.99 Carport No Lot Dimension .57 Acres Parking PavedOff Street20 + Total Spaces Property Attached No Property Description Corner Roof CompositionShake/Shingle Sewer Public Sewer Installed Stories 1.5 Street Description City/TownPavedShared Drive Water Public Water Well No Waterfront YN No

    Interior Features

    Cooling Type Central A/C Finished Sq Ft 7655 Flooring CarpetLaminateVinyl Foundation ConcreteSlab Heating Fuel Source Natural Gas Heating System Forced Air Heating System1 Forced Air Lighting FluorescentOther Loading Dock No Main Sq Ft 6929 Office Sq Ft 6929 One Quarter Baths 0 Total Offices 7 Upper Sq Ft 726

    Property Features

    Available Utilities CableFiber Optics Books Available No Cam No Cap Rate Percent 6.06 Covenants No Current Business Medical Office Current Use Professional/Medical Documents On File EasementsLeases Enterprise Zone Yes Exchange Trade No Existing Utilities ElectricInternetNatural GasPhoneSanitary SewerWater Fixtures Included No Inventory Included No Lease Included Yes New Construction YN No Owners Association No Possible Property Use General OfficeProfessional/Medical Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2021 Tenant Pays Building InsuranceElectricGasInterior MaintenanceJanitorialReal Estate TaxesSewer/WaterSnow RemovalTrash Total Electric Meters 1 Total Gas Meters 1 Total Taxes 15690.60 Total Water Meters 1 Type Office Variable Rate Yes Water Rights No Zoning Type OfficeOther

    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2021. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
    FULL CREN Disclaimer

    Real Estate listings held by companies other than Berkshire Hathaway HomeServices Western Colorado Properties contain that company’s name.
    Fair Housing Disclaimer

    This data was last updated: 2021-10-22T23:56:23.41.
     
    https://bt-photos.global.ssl.fastly.net/cren/orig_boomver_2_784939-2.jpg https://bt-photos.global.ssl.fastly.net/cren/orig_boomver_2_784939-2.jpg https://bt-photos.global.ssl.fastly.net/cren/orig_boomver_2_784939-2.jpg
    Logo
    Berkshire Hathaway HomeServices Western Colorado Properties
    842 Main Ave
    Durango CO, 81301
    Listing courtesy of Renfrow Realty.