Seller Financing
315 N 1st Street Montrose, CO
$ 424,888
Property Attributes
  • MLS#776174
  • TypeCommercial
  • CountyMONTROSE
  • CityMontrose
  • AreaMontrose City
  • Zip81401
  • StyleMulti-Use
  • Year Built1936
  • Taxes2855
  • Price$ 424,888
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5000
  • Lot Size9,148 SqFt
Listing Provided Courtesy Of:
Renfrow Realty
Property Description

Thriving Mechanic Business Option or Real Estate Only ~Owner Carry Available~ Purchase the current business (Rainbow Garage) and/or the building and the vacant lot to explore the many options available in the B-1 zoning. Rainbow Garage has been a successful business for 75+ years. Building has open shop space, inviting lobby area featuring an office area with service counter/reception and restroom. Vacant lot for extra storage has a chain link fence and gated for added security. If you are looking to start your own Mechanic Shop – we have the perfect option for you! Incredible tax break with Opportunity Zone designation! Real estate only, this listing does not include the business or any inclusions.

Price History
11/2/2020 Listed $424,888

General Features

Available Utilities Electric, Fiber Optics, Internet, Natural Gas, Phone
Ceiling Height 203in
Cooling Evaporative Cooler
Flooring Concrete
New Construction Y/N No
Parking Paved, On Street, Fenced, In Rear of Building
Roof Other
Sewer Public Sewer Available
Status Active
Status Active
Stories 1
Subdivision Other
Type Multi-Use
Utilities Electric, Natural Gas, Three-phase
Zoning B1

Interior Features

1/4 Baths 2
Finished SF 5000
Fixtures Included No
Total Rooms 1

Exterior Features

Carport No
Domestic Water Public
Foundation Concrete, Slab
Lot Dimensions .21 acres
Lot Size Area 0.21
Railroad Siding/spur No
Water Rights/irrig. No
Waterfront No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 81401

AVG $600K
AVG $7,045
AVG 20
Year Built
AVG 1967

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