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Premier 10-acre multifamily development opportunity near historic downtown Montrose and popular amenities. This parcel was rezoned in 2023 to R-4 (24 units/acre) to help address Montrose's acute housing shortage. R-4 is the city's highest density residential zoning designation. With very few existing apartment buildings in Montrose and housing a top priority for city hall, this site positions a buyer to meet a genuine community need. The site plan is complete for 190 units with full zoning analysis done and utilities stubbed. Water, sewer, and electrical infrastructure is ready to go, positioning the project for a streamlined approval process. Just down the road from the beloved Star Drive-In Theatre, one of Colorado's few remaining drive-in's, and Black Canyon Golf Course, an 18-hole municipal course and Montrose's oldest. This location has all the ingredients for strong market demand and a successful lease-up.
| LAST UPDATED | 3/2/2026 | TRACT | None |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | Montrose City |
| COUNTY | Montrose | STATUS | Active |
| PROPERTY TYPE(S) | Lot/Land/Acreage |
| Elementary School | Johnson K-5 |
|---|---|
| Jr. High School | Centennial 6-8 |
| High School | Montrose 9-12 |
| ADDITIONAL DETAILS | |
| AREA | Montrose City |
|---|---|
| LOT | 10.3 acre(s) |
| LOT DESCRIPTION | Corner Lot, Level |
| SUBDIVISION | None |
| TAXES | 22595.16 |
| UTILITIES | Natural Gas Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s) |
| ZONING | Residential Multi Family |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with Hoff & Leigh Western Slope, 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: 3/13/26 3:37 AM PDT
This IDX solution is (c) Diverse Solutions 2026.
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