1595 E Oak Grove Rd. Commercial Property Information Packet John Renfrow * Joey Huskey Renfrow Realty Member of: www.rmcbrokers.com Page 1
Executive Summary LOCATION! LOCATION! 1595 E Oak Grove Rd. $499,888 Commercial Development Potential 1.43 acre (MOL) commercial lot. Includes a 1,924 sq.ft. (MOL) residence with three bedrooms and one bathroom. Zoned B-2 in the City of Montrose. Located next to Walgreens in a busy S Townsend/Hwy 550 commercial district. Near signalized intersection. High-traffic count. Great location for a business! Excellent commercial development opportunity. Build-to-suit is an option. Possible owner carry to qualified buyer. 1.5 shares UVWUA irrigation water. Call John Renfrow or Joey Huskey at (970) 249-5001 Page 2
S Townsend Ave/Hwy 550 1595 E Oak Grove Rd. Aerial Photo E Oak Grove Rd Subject property Page 3
Directions to Property Starting from Renfrow Realty at 1832 S. Townsend Ave., Montrose, CO 81401 Office number (970) 249-5001 Page 4
Montrose County Assessor Property Account Detail* Account Detail Account: R0000796 Owner Name NICHOLS MARK F Owner Information Parcel Number 3767-344-05-008 Legal Description Tax Area Id - 001140 Estimated Tax Information 2017 $2,153.00 Assessment Information Situs Address 1595 E OAK GROVE RD City Montrose Legal Summary S: 34 T: 49 R: 9 TRT BEG AT PNT 400FT E SW COR SWSE 34-49-9, TH E 260FT, TH N 296FT, TH W 260FT, TH S 296FT POB. ALSO TRT BEG AT SW COR SWSE, TH E 400FT ALG S BNDY LN, TH N 15FT, TH W 400FT, TH S 15FT POB. LESS.1A BK 396 PG416 ('55). LESS.29 AC ROW DESC BY M/B RECPT#857354 (14) Actual (2017) $394,720 Assessed $31,420 Type Actual Assessed Acres SQFT Improvements $144,670 $11,520 1924.000 Land $250,050 $19,900 1.431 Actual Year Residence Built 1955 *For more information please contact the Montrose County Assessor at (970) 249-3753 Page 5
General Information UTILITIES Water: City of Montrose (970) 240-1400 1 commercial line stubbed to the property yoked down to ¾ that residency is connected to. Sewer: City of Montrose (970) 240-1400 4 commercial line stubbed to the property; house is connected to City sewer. Trash: City of Montrose (970) 240-1400 Electricity: DMEA (970) 249-4572 Natural Gas: Black Hills Energy (800) 563-0012 Telephone: CenturyLink (800) 743-3793 Fiber: DMEA (970) 249-4572 Irrigation Water: Uncompahgre Valley Water Users Association (970) 249-3813 1.5 shares $250/year Water & Sewer Service Map City of Montrose Water Lines City of Montrose Sewer Lines Subject property INCLUSIONS Range/oven Dishwasher Refrigerator EXCLUSIONS Tenant s personal property Pump and irrigation Page 6
City of Montrose Zoning Map Subject property is zoned B2 in the City of Montrose B2 Zoning includes Uses-By-Right from B1 Zoning Regulations for zoning on following pages For more information contact City of Montrose (970) 240-1400 Page 7
Zoning Breakdown* B-2 Highway Commercial District 4-4-13: "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) Self-service laundry facilities. (3) Drive-in or drive-thru restaurants. (4) Car washes. (5) Child care facilities (6) Rental storage units inside a building (7) Veterinary clinics or hospitals for small animals (8) Skilled nursing and assisted living facilities (9) Retail building material supply businesses (10) Parking facilities (11) Renewable energy facilities (C) Conditional Uses: (1) Those conditional uses listed for the B-1" District. (2) Recreational vehicle parks and campgrounds (3) Retail stores, business and service establishments serving the general public but which also involve limited manufacturing of the products supplied. (4) Antennas and towers are allowed only as conditional uses in all ones and are subject to the provisions of Section 4-4-21 and the other applicable requirements of the City ordinances and regulations (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) Farm implement sales or service establishments. (2) Construction and contractor s equipment storage facilities (3) Machine and welding shops (4) Manufacturing and industrial uses except as allowed by Subsection 4-4-13(C)3. (5) Storage facilities (small rental storage units are allowed se Section 4-4-13 (B)(7) (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. 4-4-12: "B-1" CENTRAL BUSINESS DISTRICT (A) Intent: The B-1 District is intended as a shopping and business center for the City and surrounding area. The most intensive commercial use of buildings and land is encouraged with parking primarily of public concern. No off-street parking is required, except where otherwise specified. This District is oriented to pedestrian traffic. (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) College or other place of adult education (9) Fueling stations which comply with the following criteria: (a) All fuel storage, except propane, shall be located underground. (b) All fuel pumps, lubrication and service facilities shall be located at least 20 from any street right-of-way line. (10) Churches. (11) Child care facilities. (12) Parks and playgrounds (13) Accessory uses (14) Hotels and motels (off-street parking required). (15) Single family homes, duplexes, and multiple family residences (offstreet parking required). (16) Parking facilities (17) Public transportation facilities (18) Renewable energy facilities (C) Conditional Uses: (1) Schools (2) Funeral homes (3) Building material businesses (4) Automobile and other vehicle sales of service establishments (5) Automobile body shops (6) Distribution, warehouse and wholesale operations (7) Dive-in or drive-thru restaurants (8) Storage facilities (9) Antennas and towers are allowed only as conditional uses in all ones and are subject to the provisions of Section 4-4-21 and the other applicable requirements of the City ordinances and regulations (D) The following uses are not to be construed as a use by right or a conditional use in the B-1" Central Business District: Businesses that need outdoor storage are not compatible with this district. * Taken from City of Montrose Zoning Regulations March 2016
Improvement Survey Steve Yelton Profession Land Surveyor #33645 (970) 964-6105 November 11, 2017 Page 9
Site Plan and Elevation for Build to Suit Option* *Two Site Plan options were designed, the Elevation was created based on the current owner s preferred site plan; Contact listing broker for more details.. Page 10
Exterior Photographs Intersection of Oak Grove and South Townsend /Hwy 550 (looking West from property) Adjacent to Walgreen s (looking West) Oak Grove Frontage (looking East) Oak Grove Frontage (looking West) with Residence Abuts Commercial Development on both West and North Level Property Page 11
Interior Photographs Well maintained home with large rooms could be converted to an office or other useable commercial space. See following page for layout and measurements. Page 12
Building Sketch* East Oak Grove Road *Sketch is representational and may not be drawn to scale. All measurements are approximate. Page 13
Colorado DOT Traffic Count* HIGHWAY DATA ON SH 550, TOWNSEND AVE N/O OAKGROVE RD, CR P, MONTROSE (Station Id: 105596) 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 http://dtdapps.coloradodot.info/otis/ Page 14
Proposed Traffic Addition City Loop Completed San Juan arterial Completed arterial Proposed without funds Under construction with funds Subject property 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 and is complete. The second phase connected South Townsend to to the Bridges Golf course. Oak Grove Rd. Contact the City of Montrose Scott Murphy for additional information: (970) 240-1498 Ogden Rd. Otter Rd. Page 15
Recap Acres (MOL) Lot Sq.Ft. (MOL) Residence Sq.Ft. (MOL) Listing Price Price per Acre Price per Lot Sq.Ft. Price per Residence Sq.Ft. 1.43 62291 1,924 $499,888 $349,572 $8.03 $259.82 1.43 Acre Commercial Lot High-Traffic Count Next to Walgreens 1,924 SF (MOL) Residence Can Located in Large Commercial Convert to Offices District Build-to-suit Option Near Signalized Intersection Possible Owner Carry to Qualified Buyer Listing Price: $499,888 Call John Renfrow or Joey Huskey at (970) 249-5001 Page 16