500 East Main Street

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500 East Main Street

Montrose, CO 81401
Asking Price
$995K
Asset Type
Medical Office Retail
Class
Class B

What's Special

500 East Main Street is located in the heart of downtown Montrose, Colorado. The property occupies a prominent position within a walkable commercial corridor characterized by historic architecture and local businesses. The neighborhood features a mix of professional offices, boutique shops, and dining establishments. It is situated two blocks from San Juan Avenue, providing direct access to Highway 50, the region’s primary transportation artery. Public parking lots and street-level spaces are located in the immediate vicinity to accommodate visitors. The building is suited for a broad range of retail applications, including specialized showrooms, general merchandise stores, or service-oriented businesses. Its location along a high-visibility pedestrian path makes it an ideal fit for regional retailers or local entrepreneurs seeking to capitalize on downtown foot traffic. Typical tenants for this asset profile include apparel retailers, home goods outlets, and small-scale fitness or wellness studios. The flexible floor plan supports both traditional storefront operations and contemporary mixed-use retail concepts.

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NOI
$80,000
Cap Rate
8.04%
DSCR
1.35
Strong
Cash-on-Cash
7.01%
Monthly Payment
$4,922.717
Annual Cash Flow
$20,927.395

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