1340 Ogden Road Montrose, Colorado 81401

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1 1340 Ogden Road COMMERCIAL PROPERTY INFORMATION PACKET John Renfrow * Joey Huskey Renfrow Realty Member of: Page 1

2 Executive Summary FUTURE COMMERCIAL DEVELOPMENT MLS# / $3,500,000 Parcel acres MOL Excellent Development Opportunity This acre (MOL) property is a critical piece of land for future development. The future Rio Grande arterial and Ogden Road extension run right through the property. Zoned Heavy Industrial in the County. City annexation is in process. Central location next to the new River Landing commercial development; adjacent to JCPenney, Target, Home Depot, Natural Grocers and Ross. Impressive views of the San Juans and borders the Uncompahgre River. Parcel is located next to a planned City of Montrose park. City water/sanitation, electric, and natural gas are available; 3-phase power. Contact John Renfrow or Joey Huskey at (970) Page 2

3 Directions to Property Road ends at property Starting from Renfrow Realty Office at 1832 South Townsend Ave., Montrose, CO Office number (970) Page 3

4 Ogden Road Aerial Photo Rio Grande Extension Options Subject property Page 4

5 Photographs Property parallels Home Depot, Walmart, JCPenney, Ross, Natural Grocers and Target Looking east across property. Home Depot is on left, Walmart and other commercial buildings directly ahead. Home Depot next to northeast corner of property Commercial buildings across the street from Walmart, at eastern edge of property Target JCPenney Back of Petco, Ross and Natural Grocers Looking south at property line Rio Grande Ave. connecting from JCPenney and Target Page 5

6 Property Structures Office Bathroom Kitchen Bathroom Bedroom / Office Bedroom / Office Utility Room Covered Porch Living Room Bedroom / Office Parcel 1 includes a one-story brick house rented on month-to-month lease ($350/month). House is on septic and has a City of Montrose water tap. The house is currently occupied, but can be vacated upon request. Page 6

7 Montrose County Assessor Property Account Detail* Account: R Owner Information Owner Name TRUDELL JERRY W Estimated Tax Information 2017 $12, Account Detail Parcel Number Tax Area Id Situs Address 1340 OGDEN RD City MONTROSE Legal Description Legal Summary S: 4 T: 48 R: 9 A PARCEL OF LAND IN LOT 13 SEC 4 & LOTS 9 & 16 SEC DESC BY M/B AS PARCEL #1 ON LAND SURVEY PLAT # S: 5 T: 48 R: 9 Assessment Information Actual (2016) $681,310 Assessed $178,170 Tax Area: Mill Levy: Improvements $47,490 $3, Land $633,820 $174, *For more information please contact the Montrose County Assessor at (970) Page 7

8 Commercial Vicinity Map Subject property is in booming southern Montrose area, and is surrounded by major businesses, including: Factory & outlet store Rec Center S. Townsend Ave. (S. Hwy. 550) Subject Property Page 8

9 Area Zoning County Zoning (Current zoning) City Zoning (Surrounding Lots) Subject property Property is currently in Montrose County Zoned Heavy Industrial in the County Annexation process has been started to enter the City of Montrose City zoning is to be determined; likely to be B-3 because of previous use City of Montrose: (970) County of Montrose: (970) *Parcel are approximate Page 9

10 Preliminary Plat Parcel acres MOL Surveyed by Steve Yelton March 20, 2012 (970) Property is currently being subdivided. Parcel 1 is for sale. Page 10

11 Ogden / Rio Grande Road Extensions Road Extension and Realignment Drawing by Del-Mont Consultants (970) Page 11

12 Additional Documentation Available Upon Request Alta/ACSM Land Title Survey Completed by Rocky Mountain Surveying October 5, 2006 (970) Property Appraisal Completed by Lisa A. Roberts, CCRA March 6, 2006 (970) Phase 1 Environmental Site Assessment Completed by Terracon January 27, 2006 (303) Page 12

13 Proposed Traffic Addition Rio Grande Arterial Completed San Juan arterial Completed North Rio Grande arterial Proposed Rio Grande addition with funds Proposed Rio Grande addition without funds Subject property Oak Grove Rd. San Juan Arterial was constructed in order to direct heavy traffic away from the Montrose downtown area. The first phase connected East Main Street to North Townsend Avenue. The second phase connected North Townsend to West Main Street and will continue south, parallel to Townsend, and connect to Townsend as it heads towards Ridgway. Ogden Rd. Otter Rd. MINOR ARTERIAL - City Contact the City of Montrose for additional information: (970) Page 13

14 Colorado DOT Traffic Count* HIGHWAY DATA ON SH 550, TOWNSEND AVE S/O WOODGATE DR, MONTROSE (Station Id: ) DAILY TRAFFIC (07/15/2014) Subject Property FUTURE TRAFFIC (Projection Year 2036) AADT: Annual average daily traffic is the total volume of vehicle traffic of a highway for a year divided by 365 days and is a useful and simple measurement of how busy the road is. *Raw Data taken from Page 14

15 Flood Plain Map Subject property Page 15

16 Wetland Delineation Walsh Environmental Scientists and Engineers, LLC Group Brad Kieding June 13, 2007 (970) Ext.107 Parcel 1 Approved Jurisdictional Determination from the Army Corps of Engineers April 10, 2008 SPK Valid for 5 years from issue date Actual approval letter available upon request Page 16

17 Utilities Information Water City of Montrose (970) Sewer Development available with the City of Montrose (970) Natural Gas Black Hills Energy (800) Electricity DMEA (970) phase power on property Telephone CenturyLink (800) Cable Charter Communications (877) Water & Sewer Map Subject property Page 17

18 Proposed Sewer Extension Conceptual Plan Long term solution* Proposed Sewer Line Engineering information available upon request Engineering completed August, 2002 Engineering completed by Del-Mont Consultants (970) *Once the properties on either side are annexed into the City of Montrose, the sewer will be extended and be able to gravity feed toward Ogden Road. Page 18

19 Property Map Sunset Mesa Park Baseball fields and open space Uncompahgre River South Townsend Ave./ South Highway 550 Bridges (Nicklaus) Golf Course River Landing Cobble Creek Golf Course acres Home Depot Wal-Mart Oxbow Crossing Subject Property Traffic Lights Delta (~22 miles), Grand Junction (~62 miles) Gunnison (~65 miles), Crested Butte (~94 miles) Ridgway (~26 miles), Ouray (~37 miles), Telluride (~59 miles) Page 19

20 Recap Property Acreage MOL Property Sq.Ft. Listing Price Price per Acre Price per Sq.Ft ,582,535 $3,500,000 $96, $2.21 Excellent property for future development Future Rio Grande arterial and Ogden Rd. extension run through property Central location in booming South Townsend Corridor Adjacent to JCPenney, Target, Home Depot, Natural Grocers and Ross Impressive views of San Juans and borders the Uncompahgre River Located next to a planned City of Montrose park City water/sanitation, electric and natural gas available 3-phase power Contact John Renfrow or Joey Huskey at (970) Page 20