1435 Hawk Pkwy Units C, D & E Montrose, Colorado 81401

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1 1435 Hawk Pkwy Units C, D & E COMMERCIAL INFORMATION SALE PACKET John Renfrow * Joey Huskey Renfrow Realty Member of: Page 1

2 Executive Summary Outstanding Retail/Office Building with Ideal Location 1435 Hawk Pkwy Units C, D & E $895,000 Prime Commercial Building and Position 6,750 sq.ft. (MOL) commercial building in booming South Townsend corridor! Located at a signalized intersection across from Walmart Supercenter, this property has excellent exposure and is easy to access. Mineral Mountain Commercial Building is located in the Centre at Hawk Park. Incredible showroom floor with stylish shelving, showcase lighting, crown molding and extensive electrical wiring. Includes a reception area, office with private bathroom, ADA bathroom and storage room. Bonus upstairs employee lounge features kitchenette, bathroom with a shower, laundry and additional office/storage room. Ample paved and lit parking area. Zoned B-2 in the City of Montrose; zoning allows for office space or retail. Also centrally located near JCPenney, Target, Home Depot and Natural Grocers. Take advantage of this ideal location and space! Contact John Renfrow or Joey Huskey at (970) Rev J Information deemed reliable, but not guaranteed and should be verified. Page 2

3 Aerial Photo S. Townsend Ave. / Highway 550 Subject property Page 3

4 Directions to Property Starting from Renfrow Realty at 1832 South Townsend Ave., Montrose, CO Office number (970) Page 4

5 Current Floor Plan 1 st Floor 2 nd Floor *Sketch is representational only, not drawn to scale and measurements are approximate. Page 5

6 Showroom Photos Built-in Display Shelving with Lighting Reception Area with Pony Wall Tall Sectional Walls with Crown Molding Electrically Wired for Lighting Displays Page 6

7 Additional Interior Photos Office Adjacent to Reception Area with Private Bathroom ADA Bathroom Storage Room Reception Area/Office Upstairs Employee Lounge with Adjacent Office/Storage Room Upstairs Bathroom with Shower Upstairs Kitchenette Page 7

8 Montrose County Assessor Property Account Detail* Unit C Account Detail Account: R Version End MAX Parcel Number Tax Area Id Owner Information Owner Name DREAM BUILDER INVESTMENTS LLC Legal Description Situs Address 1435 HAWK PKWY #C City MONTROSE Legal Summary Subd: MINERAL MOUNTAIN CONDOMINIUMS UNIT C S: 4 T: 48 R: 9 Estimated Tax Information 2017 $4, Assessment Information Actual (2016) $216,700 Assessed $62,840 Tax Area: Mill Levy: Type Actual Assessed Acres SQFT Units Improvements $216,700 $62, Abstract Code COMMERCIAL CONDOMINIUMS Building Type COMM CONDO D AVG CC Quality AVERAGE Room Height COMM CONDO = 10 FT Roof Structure FLAT Heating Type CONDO-FORCED AIR FrameWOOD FRAMING Property Characteristics Neighborhood MINERAL MTN CONDOS Architecture Style COMMERCIAL- CONDO Condition AVERAGE Roof Cover RUBBER MEMBRANE Heating Fuel NATURAL GAS Air Condition FORCED AIR/ REFRIGERATION UNIT Foundation BEARING PILES/CAISSONS Units1 Stories1 Perimeter COMM-CONDOMINIUM Actual Year Built 2000 Depreciation Exterior Wall 1Type STUCCO Percent60 Interior Wall 1Type DRYWALL Percent Floor Cover 1Type CARPET Percent 70 Total Area Exterior Wall 2Type WOOD SIDING Percent40 Floor Cover 2Type CERAMIC TILE Percent 30 Heated Area 2179 Sub Areas CONDO - Comm. Condo 2,179 *For more information please contact the Montrose County Assessor at (970) Page 8

9 Montrose County Assessor Property Account Detail* Unit D Account Detail Account: R Version End MAX Parcel Number Tax Area Id Owner Information Owner Name DREAM BUILDER INVESTMENTS LLC Legal Description Situs Address 1435 HAWK PKWY #D City MONTROSE Legal Summary Subd: MINERAL MOUNTAIN CONDOMINIUMS UNIT D S: 4 T: 48 R: 9 Estimated Tax Information 2017 $4, Assessment Information Actual (2016) $218,590 Assessed $63,390 Tax Area: Mill Levy: Type Actual Assessed Acre SQFT Units Improvements $218,590 $63, Abstract Code COMMERCIAL CONDOMINIUMS Building Type COMM CONDO D AVG CC Quality AVERAGE Room Height COMM CONDO = 10 FT Roof Structure FLAT Heating Type CONDO-FORCED AIR Frame WOOD FRAMING Property Characteristics Neighborhood MINERAL MTN CONDOS Architecture Style COMMERCIAL- CONDO ConditionAVERAGE Roof Cover RUBBER MEMBRANE Heating Fuel NATURAL GAS Air Condition FORCED AIR/ REFRIGERATION UNIT FoundationBEARING PILES/CAISSONS Units1 Stories1 Perimeter COMM-CONDOMINIUM Actual Year Built2000 Depreciation Exterior Wall 1Type STUCCO Percent 60 Interior Wall 1TypeDRYWALL Percent Floor Cover 1Type CARPET Percent 70 Total Area Heated Area 2198 Sub Areas CONDO - Comm. Condo 2,198 Exterior Wall 2Type WOOD SIDING Percent 40 Floor Cover 2Type CERAMIC TILE Percent 30 *For more information please contact the Montrose County Assessor at (970) Page 9

10 Montrose County Assessor Property Account Detail* Unit E Account Detail Account: R Version End MAX Parcel Number Tax Area Id Owner Information Owner Name DREAM BUILDER INVESTMENTS LLC Legal Description Situs Address 1435 HAWK PKWY #E City MONTROSE Legal Summary Subd: MINERAL MOUNTAIN CONDOMINIUMS UNIT E S: 4 T: 48 R: 9 Estimated Tax Information 2017 $2, Assessment Information Actual (2016) $144,700 Assessed $41,960 Tax Area: Mill Levy: Type Actual Assessed Acres SQFT Units Improvements $144,700 $41, Abstract Code COMMERCIAL CONDOMINIUMS Building Type COMM CONDO D AVG CC Quality AVERAGE Room Height COMM CONDO = 10 FT Roof Structure FLAT Heating Type CONDO-FORCED AIR FrameWOOD FRAMING Property Characteristics Neighborhood MINERAL MTN CONDOS Architecture Style COMMERCIAL- CONDO Condition AVERAGE Roof Cover RUBBER MEMBRANE Heating Fuel NATURAL GAS Air Condition FORCED AIR/ REFRIGERATION UNIT Foundation BEARING PILES/CAISSONS Units1 Stories1 Perimeter COMM-CONDOMINIUM Actual Year Built 2000 Depreciation Exterior Wall 1Type STUCCO Percent 60 Interior Wall 1Type DRYWALL Percent100.0 Floor Cover 1Type CARPET Percent 70 Total Area Exterior Wall 2Type WOOD SIDING Percent40 Floor Cover 2Type CERAMIC TILE Percent 30 Heated Area1455 Sub Areas CONDO - Comm. Condo 1,455 *For more information please contact the Montrose County Assessor at (970) Page 10

11 City Zoning Map Subject property is zoned B-2 in the City of Montrose B-2 zoning includes regulations for B-2 as well as uses by right for B-1 Regulations are on the following page Contact City of Montrose for more information (970) Page 11

12 Zoning Breakdown* B-2 Highway Commercial District : "B-2" HIGHWAY COMMERCIAL DISTRICT (A) Intent: The B-2" Highway Commercial District is intended to provide for business oriented toward serving the vehicular customer. This District provides for the convenient exchange of goods and services along the major thoroughfares of the City. (B) Uses by Right: (1) Those listed in the B-1" District as uses by right. (2) Coin-operated laundries. (3) Bowling alleys. (4) Drive-in restaurants. (5) Convenience food stores. (6) Car washes. (7) Child care facilities. (8) Rental storage units with a maximum rental unit size of two hundred (200) square feet. (9) Veterinary clinics or hospitals for small animals. (10) Nursing homes, sanitariums, and hospitals, including those for the mentally ill. (11) Retail building material supply businesses. (C) Conditional Uses: (1) Those conditional uses listed for the B-1" District. (2) Travel home parks. (3) Retail stores, business and service establishments serving the general public but which also involve limited manufacturing of the products supplied. (D) The following uses are not to be construed as a use by right or conditional use in the B-2" Highway Commercial District: (1) Feed storage and sales establishments. (2) Farm implement sales or service establishments. (3) Veterinary clinics or hospitals for large animals. (4) (Rep. By Ord. 1188, ) (5) Construction and contractor s equipment storage facilities. (6) Machine and welding shops. (7) Above ground storage facilities for hazardous fuels. (8) Manufacturing and industrial uses except as allowed by Subsection (C)3. (9) Storage facilities (small rental storage units are allowed see Section (B)8. (E) Performance Standards: No use shall be established, maintained or conducted in any B-2" Highway Commercial District that will result in any public or private nuisance : "B-1" CENTRAL BUSINESS DISTRICT (B) Uses by Right: (1) Retail stores, business and professional offices and service establishments which cater to the general shopping public. (2) Libraries and museums. (3) Government buildings and facilities. (4) Public utility service facilities. (5) Private and fraternal clubs. (6) Theaters. (7) Restaurants and taverns. (8) Gas stations which comply with the following criteria: (a) All fuel storage shall be located underground. (b) All gasoline pumps, lubrication and service facilities shall be located at least twenty feet (20') from any street right-of-way line. (c) No major bodywork may be conducted on the premises. (d) No curb cut may be any closer than thirty feet (30') from any street intersection. (e) A minimum lot frontage of one hundred and twenty five feet (125') is required. (f) The main building on the site shall be set back at least forty feet (40') from any property line. (9) Churches. (10) Child care facilities. (11) Accessory uses. (Ord. 1077, ) (12) Hotels and motels (off-street parking required). (Ord. 1167, ) (13) Single family homes, duplexes, and multiple family residences (offstreet parking required). (Ord. 1693, ) * Taken from City of Montrose Zoning Regulations Oct Page 12

13 General Information UTILITIES Water City of Montrose (970) Sewer City of Montrose (970) Natural Gas Black Hills Energy (800) Electricity DMEA (970) Telephone CenturyLink (800) Cable Charter Communications (877) COVENANTS* Hawk Park Centre $90/quarter Fees cover Flag replacement and insurance Mineral Mountain Condominiums, Inc. $600/month Fees cover building and liability insurance, common area maintenance, snow removal, trash pickup and common area utilities INCLUSIONS Window treatments on exterior windows Dishwasher Microwave EXCLUSIONS Owners personal property Inventory (negotiable) Window treatments Lighting showroom fixtures Cash register Metal file cabinets 2 refrigerators Hanging light display Clouds Light fixtures & hangers Cabinets in office Shelf in lighting showroom Closet displays Computer Slat wall in fabric room Shelves in work area Bins with bin hangers in work area Closets upstairs Spice rack Upstairs mirror Phone system 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 Vicinity Map Subject property is in booming southern Montrose area, and is surrounded by many major businesses, including: Factory & outlet store Recreation Center Subject property Delta (~22 miles), Grand Junction (~62 miles) Gunnison (~65 miles), Crested Butte (~94 miles) Ridgway (~26 miles), Ouray (~37 miles), Silverton (~58 miles), Telluride (~59 miles) Page 15

16 Recap Building $ per Bldg MLS# Property Sq.Ft.* Listing Price Sq.Ft Hawk Pkwy Units C, D & E 6,750 $895,000 $ Top-notch established commercial business center Retail/office space in booming South Townsend corridor Located at signalized intersection across from Walmart Supercenter Excellent visibility and high-traffic count Easy accessibility Zoned B-2 High-end showroom floor with showcase sectional walls, wiring and shelving Reception area, office with private bathroom, ADA bathroom and storage room Upstairs employee lounge with kitchenette, bathroom with shower, laundry area and additional office/storage room Ample paved and lit parking lot *Square footage differs from Assessor because employee lounge is not included in Assessor calculations Listing Price $895,000 Contact John Renfrow or Joey Huskey at (970) Page 16