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More details for 2091 Locust Rd, Montrose, CO - Multifamily for Sale

Locust Road Schoolhouse - 2091 Locust Rd

Montrose, CO 81401

  • 1031 Exchange Property
  • Multifamily for Sale
  • $1,641,048 CAD
  • 4,903 SF
  • 24 Hour Access

Montrose Multifamily for Sale

Discover a rare multifamily investment opportunity in the heart of Montrose, Colorado. 2091 Locust Drive is a well-maintained property zoned R-4 High Density Residential, the city’s most flexible residential designation, which allows for a wide range of multifamily uses and provides significant long-term development potential. This property currently features multiple rental units with established tenancy, offering stable cash flow from day one. Each unit is thoughtfully designed with private entrances, functional floorplans, and the convenience of off-street parking. The layout supports tenant privacy and easy living while allowing for efficient management. With Montrose’s strong demand for rental housing, this asset is well-positioned to remain a consistent performer in an increasingly supply-constrained market. The location is one of the property’s strongest features. Tenants benefit from a central setting just minutes from downtown Montrose, Montrose Regional Airport, schools, shopping, dining, and medical services. Outdoor recreation is close at hand with nearby parks, walking trails, and the Uncompahgre River corridor. Residents enjoy a balance of small-town community lifestyle with easy access to world-class amenities in Telluride, Ouray, and the San Juan Mountains. For investors, Montrose represents one of Colorado’s most promising growth markets. The city continues to attract new residents seeking quality of life, affordability, and year-round recreation. Vacancy rates remain historically low, while demand for workforce and multifamily housing continues to rise. Zoned R-4, 2091 Locust Drive not only offers immediate income but also the flexibility to pursue additional units, redevelopment, or expansion in the future, subject to city approval. Investment Highlights - R-4 High Density Residential zoning — flexible for multifamily and redevelopment - Multiple units with established tenancy providing immediate cash flow - Off-street parking and private unit entrances - Prime location near downtown, schools, shopping, and Montrose Regional Airport - Strong tenant demand and historically low vacancy rates in Montrose - Positioned for long-term upside with growth in population and housing needs Whether you are expanding an existing portfolio or entering the multifamily investment space, 2091 Locust Drive offers a rare opportunity to secure a performing asset with both current income and future growth potential.

Contact:

Keller Williams Realty Southwest Associates

Property Subtype:

Apartment

Date on Market:

2025-09-05

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More details for TBD E Main St, Montrose, CO - Hospitality for Sale

Montrose Hotel - TBD E Main St

Montrose, CO 81401

  • 1031 Exchange Property
  • Hospitality for Sale
  • $765,822 CAD
  • 3,700 SF
  • Pool

Montrose Hospitality for Sale

Video Tours: https://my.matterport.com/show/?m=eN3zbBxiMCB https://my.matterport.com/show/?m=tt5U1QYsKSL https://my.matterport.com/show/?m=RLSW2BP1LQo https://vimeo.com/1130508465?share=copy&fl=cl&fe=ci Exceptional Single Room Rental Investment Opportunity in a High-Traffic Corridor Don't miss this opportunity to acquire a low-entry-price property situated in a prime, highly visible location. This asset utilizes a hybrid weekly/monthly rental model with 70% occupancy and revenue, $70,000 Rental Income and a compelling 11.9% capitalization rate. Optional income from the seasonal pool and patio area can further boost annual returns by up to $8,000. Property Features & Amenities The property is meticulously set up for short term room rental success, featuring: • Guest Suites: A welcoming guest check-in area and four (with potential for five) elegantly designed suites. Could be developed into two additional long-term suites. • Capacity & Comfort: A total of 7 beds and 5 well-appointed bathrooms. • Kitchens: Three suites offering kitchens with two being new efficiency kitchens. • Atmosphere: Two cozy fireplaces enhance the ambiance, one fireplace located in check-in and one located within a suite, and five separate entrances ensure convenience and privacy for all guests. • Outdoor Amenities: Guests will appreciate the outdoor pool, designated cooking area, and private patios. • Practical Updates: The exterior features new paint applied in 2025. • Parking: Ample on-site parking is available, accommodating up to 15 vehicles. Unbeatable Regional Access The location is a major asset, perfectly positioned in a central hub: • Walkable Convenience: The property is within walking distance of popular local eateries, including a bar and a Mexican restaurant. • Gateway Location: Located just minutes from the Montrose Regional Airport (MTJ), this is the ideal base for exploring major regional attractions. • Recreational Hub: Enjoy convenient access to year-round activities near Black Canyon National Park, Telluride Ski Resort, Silverton, Ridgeway, Ouray, Grand Junction, and Durango. ________________________________________ This high-yield property won't last. Contact us today to receive the detailed financials and seize this outstanding investment opportunity! Property Facts: • 3,700 Square Feet • 0.57 Acres • $70,000 Rental Income, 11.9% Cap Rate • Guest Check In Area • 7 Beds • 5 Bathrooms • 3 Kitchens • Fireplaces • 5 Separate Entrances Montrose Facts: • Elevation: 5,807 • Population: 21,003 (2022) • Total Area: 18.5 Square Miles • Founded 1882 Rental Income Potential Breakdown • Room 120 - 1BR, Weekly $400.00, Monthly $1,600.00, Annual $19,200 • Basement Apartment - 1BR, Monthly $800.00, Annual $9,600.00 • Room First Floor - 2BR, Monthly $700.00, Annual $8,400.00 • Room 118 - 2BR, Weekly $600.00, Monthly $2,400.00, Annual $28,800.00 • Room 119 - 2BR, Weekly $600.00, Monthly $2,400.00, Annual, $28,800.00 Pro Forma Income Monthly Income: $7,900.00 Annual Income: $94,800.00 Season Rent Premiums: $10,400.00 Pool & Patio Rental: $8,000.00 GPI: $113,200 Expenses: $39,500.00 NOI: $67,000 Cap Rate: 11.9% Disclosure: Pool is not operational.

Contact:

Bray & Co. Commercial

Property Subtype:

Hotel

Date on Market:

2025-08-11

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More details for 1702 E Main St, Montrose, CO - Hospitality for Sale

Red Arrow Inn & Suites, a Travelodge - 1702 E Main St

Montrose, CO 81401

  • 1031 Exchange Property
  • Hospitality for Sale
  • $5,435,972 CAD
  • 36,566 SF
  • Fitness Center
  • Pool

Montrose Hospitality for Sale

Rare Investment Opportunity: Lodging & RV Park – Montrose, CO Diversified Hospitality Asset in a Booming Colorado Destination This is your chance to acquire a turnkey, multi-faceted hospitality portfolio in the heart of one of Colorado’s most scenic and rapidly expanding markets—Montrose. This rare investment opportunity combines: • A 58-key lodging property • A fully equipped 23-spot RV park (Will be delivered Entitled – ready to build) Lodging Property Highlights: • Size: 32,866 SF | Acreage: 3.25 Acres • 58 exterior corridor rooms • Strong performance: $1.1M Yearly Revenue With 40% NOI and 74% yearly occupancy • Attractive basis: Priced at only $60,000 per key + $475,000 RV Park Land • Recent capital improvements of $300,000+, including: o New PTAC units (17 Rooms) o Foundation and structural upgrades o Framing, plumbing, and new paint o New exterior paint • Modernized guest amenities: o Renovated lobby with indoor/outdoor seating o Business center & fitness room o Restrooms with showers o Flexible branding: keep or remove Wyndham flag RV Park Features: (ONCE BUILT) • 23 dedicated RV spots with individual hookups • Shared access to top-tier guest amenities: - (Club House - Already Built) • Lounge area • Laundry room • Fitness center • Restrooms & showers • Indoor/outdoor dining area • Stabilized projected NOI: $125,000 – $150,000 annually • Strategically positioned to attract seasonal travelers, RV nomads, and adventure tourists ________________________________________ Location Advantages: • Minutes from Montrose Regional Airport – Direct Flights From Denver, DFW • Easy drive to Telluride, Silverton, Ridgway, Ouray, and the Black Canyon of the Gunnison • A growing base of year-round tourism, hunting, national park visitors, and outdoor adventure travelers ________________________________________ Investment Summary: Component Key Metrics Lodging Property 58 rooms Offered at $3,975,000 RV Park 22 spots, projected income $125,000 $150,000k Total Acreage: 3.82 Acres (combined) Branding Option Franchise (Wyndham) or Go Independent with low Liquidated Damage ________________________________________ Why Invest Now? • Peak tourism season approaching • Value-add NOI upside projected $125,000-$150,000k yearly • High-demand hospitality submarket with growing regional traffic • Diversified revenue streams from rooms and RV launch Schedule a private tour today and secure this unique Colorado hospitality asset before summer demand surges.

Contact:

Bray & Co. Commercial

Property Subtype:

Hotel

Date on Market:

2025-07-13

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More details for 317 N 7th Street, Montrose, CO - Flex for Sale

317 N 7th Street

Montrose, CO 81401

  • 1031 Exchange Property
  • Flex for Sale
  • $669,411 CAD
  • 2,000 SF
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More details for 1047 N 1st St, Montrose, CO - Office for Sale

1047 N 1st St

Montrose, CO 81401

  • 1031 Exchange Property
  • Office for Sale
  • $779,498 CAD
  • 1,308 SF

Montrose Office for Sale

Prime Downtown Montrose Restaurant Property – Turnkey Opportunity for Restaurateurs or Investors Meticulously maintained and thoughtfully updated, this 1308± sq ft restaurant building sits on a double lot in the heart of Downtown Montrose, Colorado. Zoned B4, this property offers exceptional versatility and investment potential. The building features a fully equipped commercial kitchen, indoor dining area, and outdoor patio seating on both the front and side—perfect for Colorado’s sunny seasons. Two large outdoor sheds provide ample storage, including one equipped with multiple refrigerators and freezers. There’s also plenty of space in the back to park a trailer or expand the footprint for future growth. Currently home to the beloved Lighthouse Eatery, Home of the Famous Green Chili Breakfast Burrito and Homemade Bear Paw Bread, a long-standing Montrose dining favorite for nearly 12 years, this property is ideally situated just steps from Main Street, boutique shops, galleries, and local theaters. It benefits from strong foot traffic, staff parking behind the building, and abundant public parking nearby. With high visibility, a thriving tourism-driven market near the Black Canyon of the Gunnison National Park, and easy access to Montrose’s many outdoor venues, this property presents a strategic opportunity for restaurateurs, developers, or investors looking to thrive in Western Colorado’s fastest-growing market.

Contact:

United Country - Real Colorado Properties

Date on Market:

2025-10-24

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More details for 875 W Main St, Cedaredge, CO - Flex for Sale

875 W Main St., Cedaredge, CO - 875 W Main St

Cedaredge, CO 81413

  • 1031 Exchange Property
  • Flex for Sale
  • $646,846 CAD
  • 5,280 SF

Cedaredge Flex for Sale

Warehouse in Cedaredge Colorado The 5280 sq ft block construction building is divided into three primary sections: two warehouse spaces on the east and west ends, and a residential living area in the center. West End: 2,400 sq. ft. Warehouse This section of the warehouse is sizable and would be dedicated to industrial or commercial purposes. It features wide open spaces, ideal for large storage needs or manufacturing processes. The floor is concrete, durable enough to handle heavy machinery or equipment. The ceiling is high to accommodate large storage racks, vehicles, or other tall items. This area would have at least one large garage door for easy entry and exit of goods or machinery. There is also a utility sink and 3 phase power. East End: 1,920 sq. ft. Warehouse The eastern warehouse space, while smaller than the western section, is still ample and versatile for storage or light industrial use. Like the west end, it has sturdy concrete floors and a high ceiling, ensuring it's suitable for equipment storage or work areas. This section also has a large entry door for easy access to larger items. There is also a utility sink and 3 phase power with 1 XL storage room and another storage room that was a cooler room at one time. Middle Section: 960 sq. ft. 1-Bedroom Apartment Living Space Layout: Located centrally between the two warehouses, this apartment serves as a functional residential area while maintaining a physical barrier from the industrial spaces. It offers a comfortable 1-bedroom living arrangement. The bedroom is modest but with enough room for a queen or king-size bed and closet space. Living Area is an open concept living area with a small living room and a dining space. It has large windows for natural light and is a quiet retreat from the warehouse sections. The kitchen is fully equipped, featuring a stove, refrigerator, and sink, with sufficient counter space for cooking. A separate walk-in shower area, then a separate toilet and sink area. There is a small storage closet and a good sized laundry area. This apartment has a door for each of the east and west shop areas if needed. Additional Features: Given the warehouse setup, the building has well-planned access points. There could be separate entryways for the residential area, allowing the living space to remain private from the warehouse sections. Both the west and east ends have direct access to the exterior for loading/unloading. The apartment and warehouse sections have heat, no AC in any of the units. The building has a metal roof and cedar block frame. There is plenty of parking and space for trailers, equipment, or extra storage. Gutters across the front of the building. Washer and dryer will stay in both the apartment and east side office area. The large warehouse sections are ideal for various business operations, including manufacturing, warehousing, distribution, or service-based industries requiring significant space. This property offers great income potential with the possibility of renting all units. . The 960 sq. ft. apartment in the middle allows for onsite residential living, making it a perfect arrangement for someone who wants to live near their business or warehouse. The layout also provides flexibility for future expansion, whether adding more office space, converting part of the warehouse into additional living space, or reconfiguring areas for different types of industrial use. In total, this property offers a functional mix of commercial warehouse space with a residential component, allowing for both business operations and comfortable living in a single, well-organized structure. The location in the middle of the building provides an effective buffer between the industrial areas, offering a balance of work and life in one place. Things to do or see in Cedaredge Colorado: The Grand Mesa is right near Cedaredge and offers tons of hiking and mountain biking trails, with amazing views and diverse ecosystems. In the warmer months, you can hike to places like Crater Lake or enjoy the aspen forests. The mesa has over 300 lakes, so it's a great spot for fishing, whether you're into fly fishing or just want to cast a line. In winter, you can go crosscountry skiing, snowshoeing, and even downhill skiing at the nearby Powderhorn Mountain Resort. If you're a golfer, the Cedaredge Golf Course is a local favorite. Set in the beautiful valley with views of the surrounding mountains, it's an enjoyable course for players of all levels. Cedaredge is part of the Western Slope’s fruit-growing region, so during harvest time (late summer and fall), you can visit local orchards to pick fresh fruit. There are also several farms and markets where you can get homemade jams, pies, and other local treats. About a 30-minute drive from Cedaredge, Crawford State Park is perfect for a day of fishing, boating, or picnicking by the lake. There are also great trails for hiking and wildlife viewing, especially if you’re into birdwatching One of the best ways to take in the area’s natural beauty is simply by driving through it. The area offers some great scenic routes, including the West Elk Loop and Highway 92, where you can enjoy views of mesas, valleys, and expansive farmlands

Contact:

United Country - Real Colorado Properties

Date on Market:

2025-03-10

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More details for 365 W Bridge St, Hotchkiss, CO - Office for Sale

Delta County Memorial Hospital Annex - 365 W Bridge St

Hotchkiss, CO 81419

  • 1031 Exchange Property
  • Office for Sale
  • $1,299,163 CAD
  • 6,273 SF
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