Multi-Family Zoned Parcel Montrose

Land Description

This Multi-Family zoned parcel, located close to the Community Recreation Center, City Market, Starbucks and other amenities is a perfect opportunity for a 'hold then build' type investor, or a builder that's ready to do a multifamily project that starts slow and builds as the units sell. The views are great, and the canal is a great 'riverfront' attraction. All utilities have been put into place adjacent to the parcel, and it even has a tri-county water tap that is in place from the days the property was in the County. Most local multi-family parcels are much larger-this is a more reasonable size. City of Montrose has given a verbal ok to 17 or 18 units-making the price per door of only 12k. It has also become attractive to buyers as a single family homesite--1.75 acres in town with irrigation water--great views. Property has been annexed into the City of Montrose and has achieved the R-3A zoning. This is for high density single and multi-family homes. Great, easy to work with lot that is level and backs up to the irrigation canal to the back. Premier spot for an impressive single family home too. Come walk the property-you'll see why this one is catching buyers' attention. Call agent for more information and to walk the property.