Description

This premier 10-acre multifamily development opportunity in Montrose is ideally located near the city’s historic downtown district and a variety of popular local amenities. Rezoned in 2023 to R-4, the city’s highest-density residential designation allowing up to 24 units per acre, the property presents a rare opportunity to help address Montrose’s significant housing shortage. With limited existing apartment inventory and strong municipal support for new housing development, the site is well positioned to meet growing community demand. The project includes a completed site plan for 190 residential units, comprehensive zoning analysis, and stubbed utilities, with water, sewer, and electrical infrastructure already in place to support a more efficient approval and development process. Nearby attractions include the historic Star Drive-In Theatre, one of the few remaining drive-in theaters in Colorado, and Black Canyon Golf Course, an 18-hole municipal golf course and one of the city’s longstanding recreational destinations, further enhancing the property’s appeal and future leasing potential.