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High visibility corner lot off S Highway 550 with prime highway frontage. The parcel will be approximately 1.5 acres and is currently approved for 9,900 sf of retail/office. This parcel will be split off from the entire 6.7 acres - subject to approval by the applicable governing authorities. On the entire 6.7 acres (see MLS# 816931), there is an approved plan and full architectural drawings for an 89-unit senior living project along with the 9,900 square feet of retail/office at the intersection of Hwy 550 and Otter Road. This property is zoned B-2, Highway Commercial District. Supreme commercial location, near the river, mountain views, and easy access!
| LAST UPDATED | 2/25/2026 | TRACT | Other |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | Montrose City |
| COUNTY | Montrose | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| Elementary School | Cottonwood K-5 |
|---|---|
| Jr. High School | Columbine 6-8 |
| High School | Montrose 9-12 |
| ADDITIONAL DETAILS | |
| AREA | Montrose City |
|---|---|
| LOT | 1.5 acre(s) |
| LOT DESCRIPTION | Corner Lot, Level |
| SUBDIVISION | Other |
| UTILITIES | Natural Gas Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s), River |
| WATERFRONT DESCRIPTION | Stream |
| ZONING | Commercial |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with Norris-Phillips Real Estate, LLC
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 2026. 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.
Real Estate listings held by companies other than Real contain that company’s name.
Fair Housing DisclaimerThis data was last updated: 3/16/26 1:48 AM PDT
This IDX solution is (c) Diverse Solutions 2026.
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