West Main Spring Creek Rd River Development Property Information Packet John Renfrow / Joey Huskey Renfrow Realty Page 1
Executive Summary 82+ ACRES OF DEVELOPMENT LAND WITH INCREDIBLE POTENTIAL Montrose, Colorado MLS# 708584, 708591, 708586, MLS# Parcels Address Acres (MOL) Res. Sq.Ft. Listing Price $/Acre 708584 4 755 Spring Creek Rd 55.22 2112 $1,149,888 $20,824 708591 5 489 A, 489 B, 551, 555, 601, 605, 609 W. Main St 10.76 8172 $499,888 $46,462 708586 7 14750 Marine Rd 16.81 696 $349,888 $20,814 4,5,7 755 Spring Creek Rd; 489 A, 489 B, 551, 555, 601, 605, 609 W. Main St; 14750 Marine Rd 82.79 10980 $1,899,888 $22,949 Excellent Investment Property 82.79 acres (MOL) (3 separate parcels) zoned B2, R3, R4 and MHR within the City of Montrose. Property has seven leased residential units and two vacant commercial units with potential conversion to residential duplex. Parcels 4 and 7 are in a prime location next to the new Colorado Outdoors, a 150-acre multi-use river development. Parcel 4 also has over 0.3 miles of Uncompahgre River frontage. Purchase all or part of the property. The possibilities are endless with this land! Contact John Renfrow or Joey Huskey at (970) 249-5001 Page 2
Aerial Map 7 4 5 Subject property Subject property is made up of 3 separately deeded parcels. Parcels 1-3 & 6 already sold. Page 3
Map of Surrounding Area Montrose Ford Justice Center N San Juan Ave./Hwy 50 New Multiuse River Development www.coloradooutdoors.co 7 Subject Property 4 5 Page 4
City Zoning Map R3 B4 R4 R4 MHR B2 Subject property is located in the City of Montrose and zoned B-2, MHR, R-3 and R-4 Zoning Regulations are on the following pages Contact City of Montrose for more information (970) 240-1400 Page 5
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. * Taken from City of Montrose Zoning Regulations March 2016 Zoning Breakdown* MHR Mobile Home-Residential District 4-4-9: "MHR" MOBILE HOME-RESIDENTIAL DISTRICT (A) Intent: This District is intended to provide a suitable environment for single family conventional and mobile homes and is designed to allow a high density of single family residences and related uses. (B) Uses by Right: (1) Single family homes. (2) Manufactured housing/single family homes (3) Mobile homes. (1)Mobile home parks. (4) Government buildings and facilities. (5) Parks and recreation facilities owned or operated by a homeowners association. (6) Places of worship (7) Public utility service facilities. (8) Accessory uses. (C) Conditional uses: (1) Skilled nursing and assisted living facilities (2) Rental storage units with a maximum rental unit size of 200 square feet. (3) Child care facilities. A child care facility shall be a conditional use in all districts if more than eight but less than 16 children under 13 years of age are present on the premises at any one time, including children of the family living in the residence, in accordance with state statutes and regulations (4) Schools (D) Mobile home parks shall comply with the requirements of Chapter 12 of this Title, in addition to these zoning regulations. Chapter 12 of this Title shall control with respect to any conflict with these regulations. Page 6
Zoning Breakdown* R-3 Medium Density District 4-4-7: "R-3" MEDIUM DENSITY DISTRICT (A) Intent: The R-3" Medium Density District is intended to provide an area which is suitable for single family homes and duplexes. The District provides for other uses which are compatible with such uses. (B) Uses by Right: (1) Single family homes and duplexes. (2) Public utility service facilities. (3) Government buildings and facilities. (4) Parks and recreation facilities owned or operated by a homeowners association. (5) Churches. (6) Accessory uses. (1) Child care facilities A child care facility shall be a conditional use in all districts if more than eight but less than 16 children under 13 years of age are present on the premises at any one time, including children of the family living in the residence, in accordance with state statutes and regulations (C) Conditional Uses: (1) Child care facilities A child care facility shall be a conditional use in all districts if more than eight but less than 16 children under 13 years of age are present on the premises at any one time, including children of the family living in the residence, in accordance with state statutes and regulations Zoning Breakdown* R-4 High Density District 4-4-8: "R-4" HIGH DENSITY DISTRICT (A) Intent: The R-4" High Density District is intended to provide for high density multiple family residences and to allow variable densities. This allows variety in the types of residences. (B) Uses by Right: (1) Single family homes, duplexes, and multiple family residences. (2) Public utility service facilities. (3) Government buildings and facilities. (4) Parks and recreation facilities owned or operated by a homeowners association. (5) Places of worship (6) Accessory uses. (1) Bed and breakfast operations operated solely by the residents of a lot of at least 6,250 square feet providing no more than four bedrooms for rent in the dwelling unit, and the only meal provided on the premises shall be breakfast to the renters. (2) Child care facilities A child care facility shall be a conditional use in all districts if more than eight but less than 16 children under 13 years of age are present on the premises at any one time, including children of the family living in the residence, in accordance with state statutes and regulations (C) Conditional Uses: (1) Skilled nursing and assisted living facilities (2) Child care facilities A child care facility shall be a conditional use in all districts if more than eight but less than 16 children under 13 years of age are present on the premises at any one time, including children of the family living in the residence, in accordance with state statutes and regulations (3) Schools (2) Skilled nursing and assisted living (3) Multiple family residences. (4) Bed and breakfast operations operated solely by the residents of a lot of at least 6,250 square feet providing no more than two bedrooms for rent in the dwelling unit, and the only meal provided on the premises shall be breakfast to the renters. (5) Schools * Taken from City of Montrose Zoning Regulations March 2016 Page 7
General Information UTILITIES Water Suburban Water (970) 260-1815 755 Spring Creek Rd (Septic) Riverwood Water Company 14750 Spring Creek Rd. Well Water 489 W Main St. 551 W Main St. 555 W Main St. 601 W Main St. 605 W Main St. 609 W Main St. Sewer City of Montrose (970) 240-1400 Gas Black Hills Energy is available (800) 563-0012 Electricity DMEA (970) 249-4572 Telephone CenturyLink (800) 743-3793 Cable Charter Communications (877) 273-7626 WATER RIGHTS* Irrigation Water Uncompahgre Valley Water User Association (970) 249-5864 755 Spring Creek 19.3 shares 2017 fees $871.38 489 W. Main - 3.0 shares 2017 fees $250.00 14750 Marine Dr - 1.1 share 2017 fees $250 *Water rights information should be verified Page 8
FEMA Floodplain Map FEMA Map Service Center Tel: (800) 358-9616 E-mail: FEMA-MSCservice@dhs.gov Web: msc.fema.gov Flood Zone A - Areas with 1% annual chance of flooding and 26% chance of flooding over the life time of a 30-year mortgage. Because detailed analysis are not performed for such areas; no depth or base flood* elevation are shown within these zones. Flood Zone AE - The base floodplain where base flood* elevations are provided. Flood Zone D - Areas in which flood hazards are undetermined, but possible. No flood hazard analysis had been conducted. Flood Zone X - Area of minimal flood hazard. *The base flood elevation is the water-surface elevation of the 1% annual chance flood Subject property Habitable structures can still be built in a flood zone. Please contact Del-Mont Consultants for more information: (970) 249-2251. Page 9
Proposed Addition to Rio Grande Arterial/Bypass Existing Bypass Existing Arterial Proposed arterial addition Main Street Townsend Avenue The San Juan Bypass 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. Further phases will continue south, parallel to Townsend, and connect to Townsend as it heads towards Ridgway. Some portions of the proposed addition do not have the exact locations finalized. Contact the City of Montrose for additional information at (970) 240-1400. Subject property Page 10
Map of Vicinity Montrose County Justice Center Uncompahgre River City Hall Post Office Courthouse Library/CMU Subject property (made up of three parcels) Delta (~21 miles), Grand Junction (~61 miles) Gunnison (~64 miles), Crested Butte (~93 miles) Ridgway (~27 miles), Ouray (~38 miles), Telluride (~60 miles) Page 11
Survey Wilmore & Company October 28, 2016 (970) 527-4200 Page 12
Photographs Parcel #4 755 Spring Creek Rd. Parcel 4 is 55.217 acres Approximately.35 mile of river frontage Zoned R-3, R-4, B-2 and MHR 2,112 sq.ft. 3bd/2.5ba home Page 13
Interior Photographs Parcel #4 755 Spring Creek Rd. Page 14
Parcel #4 755 Spring Creek Floor Plans & General Information Main Floor UTILITIES Water Suburban Water (970) 260-1815. Sewer City of Montrose (970) 240-1400 Gas Black Hills (800) 563-0012 Electricity DMEA (970) 249-4572 Telephone CenturyLink (800) 743-3793 Cable Charter Spectrum (877) 273-7626 WATER RIGHTS* Irrigation Water: Uncompahgre Valley Water User Association (970) 249-5864. Includes 20.6 shares. 2017 fees = $871.38 LEASE INFORMATION House and ground are currently leased Call listing office for details *Water rights information should be verified Second Floor Page 15
Parcel #4 755 Spring Creek Horse Barn Floor Plans Utilities in Barn Electricity DMEA (970) 249-4572 Phone CenturyLink (800) 743-3793 Page 16
Directions to Property Starting from Renfrow Realty Office at 1832 South Townsend Ave., Montrose, CO 81401 Office number (970) 249-5001 Page 17
Montrose County Assessor Property Account Detail* Parcel 4 Account Detail Account: R0023634 Owner Information Owner Name MONTROSE VALLEY DEVELOPMENT LLC Estimated Tax Information Tax Year Taxes 2017 $3,755.16 Version End MAX Parcel Number 3767-283-07-001 Tax Area Id - 001164 Legal Description Situs Address 755 SPRING CREEK RD City MONTROSE Legal Summary S: 28 T: 49 R: 9 A TRACT OF LAND IN THE SW4 28-49- 9 DESC BY M/B IN BK 881 PG 742. ADD COURT ORDER DECREE RECEPTION 673994 Assessment Information Actual Year House Built:1953 Actual (2017) $688,650 Assessed $54,810 Type Actual Assessed Acres SQFT Units Improvements $93,650 $7,540 0.000 2112.0 0.0 Land $595,000 $47,360 55.217 0.0 0.0 *For more information please contact the Montrose County Assessor at (970) 249-3753 Page 18
Parcel #5 General Information Parcel 5 is 10.509 acres with two recreational ponds Lot also has: ~ 2 duplexes 489 A and B W. Main St.(p. 22,23); 551 & 555 W. Main St. (p.24,25) ~ 3 mobile homes 1. 601 W. Main St. (p.27-29) 2. 605 W. Main St. (p.30,31) 3. 609 W. Main St. (p. 32-34) UTILITIES Water Well water Sewer City of Montrose (970) 240-1400 Gas Black Hills (800) 563-0012 Electricity DMEA (970) 249-4572 Telephone CenturyLink (800) 743-3793 Cable Charter Spectrum (877) 273-7626 Zoned B-2 WATER RIGHTS* Well permits: Rasmussen Well (Permit #32933) Booher Well (Permit #249066) Irrigation Water: Uncompahgre Valley Water User Association (970) 249-5864 489 W. Main = 3.0 shares 2017 fees = $250.00 *Water rights information should be verified Page 19
Approximate Well Locations Rasmussen Well (#32933) Booher Well (#249066) Page 20
Directions to Parcel 5: 489 A, 489 B, 551, 555, 601, 605 & 609 W. Main St. Starting from Renfrow Realty Office at 1832 South Townsend Ave., Montrose, CO 81401 Office number (970) 249-5001 Page 21
489 A and B W. Main St 1,401 sq. ft. duplex Located at the corner of W. Main St. and Chipeta Rd. Page 22
489 A and B W. Main St Floor Plan* *Measurements are approximate and not drawn to scale. 26 3 489 A 489 B 575 sq. ft. 826 sq. ft. 489 A 489 B Page 23
Parcel #5 551 and 555 W Main St Photographs 555 W Main 551 W Main Page 24
Parcel #5 551 & 555 W Main St Floor Plan 555 W Main 825 sq.ft. 2 Bedroom/1 Bath Washer/Dryer hookups 551 W Main 1130 sq.ft. 3 Bedroom/1 Bath Washer/Dryer hookups Page 25
Final Plat for Parcel 5 Del-Mont Consultants, Inc. (970) 249-2251 August 19, 1997 Page 26
Montrose County Assessor Property Account Detail* Parcel 5 Account: R0013855 Owner Information Account Detail Version End MAX Legal Description Address should be 555 Owner Name MONTROSE VALLEY DEVELOPMENT LLC Estimated Tax Information Tax Year Taxes 2017 $2,326.88 Assessment Information Actual (2017) $251,520 Parcel Number 3767-283-06-002 Tax Area Id - 001165 Situs Address 489 W MAIN ST, 551 W MAIN ST, 553 W MAIN ST 601 W MAIN ST, 605 W MAIN ST, 609 W MAIN ST City MONTROSE Legal Summary S: 28 T: 49 R: 9 A TRACT OF LAND IN THE SE4SW4 28-49-9 AS DESC BY M/B 632172 489 W Main Actual Year Built: 1923 551 & 555 W Main (Duplex) Actual Year Built: 1913 Assessed $32,730 Type Actual Assessed Acres SQFT Units Improvements $163,160 $19,010 0.000 4712.00 0.0 Assessor error. Should read 8172.0 Land $88,360 $13,720 10.759 0.00 0.0 *For more information please contact the Montrose County Assessor at (970) 249-3753 Page 27
Photographs: Parcel #5 601 W Main St. Page 28
Parcel #5 601 W Main St Floor Plan & General Information 1,512 sq.ft. 3 Bedroom/2 Bath W/D Hookup Page 29
Montrose County Assessor Property Account Detail* 601 Main St. Account: M0059034 Account Detail Owner Information Owner Name MONTROSE VALLEY DEVELOPMENT LLC Version End MAX Parcel Number 3767-283-06-002 Legal Description Tax Year Estimated Tax Information Taxes Tax Area Id - 001165 Situs Address 601 W MAIN ST City MONTROSE 2017 $186.28 Assessment Information Legal Summary MBL HOME TITLE: 21E426223 SERIAL: P274300AB YEAR: 1996 MAKE: SCHULT SIZE: 28X58 Actual Year Built: 1996 Actual (2017) $32,920 Assessed $2,620 Type Actual Assessed Acres SQFT Units Improvements $32,920 $2,620 0.000 0.000 0.0 *For more information please contact the Montrose County Assessor at (970) 249-3753 Page 30
Photographs & General Information: Parcel #5 605 W Main St 605 W Main 1,456 sq.ft. Page 31
Montrose County Assessor Property Account Detail* 605 Main St. Account Detail Account: M0058142 Owner Information Owner Name MONTROSE VALLEY DEVELOPMENT LLC Estimated Tax Information Tax Year Taxes 2017 $74.64 Version End MAX Parcel Number 3767-283-06-002 Tax Area Id - 001165 Situs Address 605 W MAIN ST City MONTROSE Legal Description Legal Summary MBL HOME TITLE: 21E426221 SERIAL: 571A481RL YEAR: 1975 MAKE: BONNAVILLA SIZE: 26X60 Actual Year Built: 1975 Assessment Information Actual (2017) $13,240 Assessed $1,050 Type Actual Assessed Acres SQFT Units Improvements $13,240 $1,050 0.000 0.000 0.0 *For more information please contact the Montrose County Assessor at (970) 249-3753 Page 32
Parcel #5 609 W Main St Page 33
Parcel #5 609 W Main St Floor Plan & General Information 609 W Main 1,848 sq.ft. 3 Bedroom/2 Bath Washer/Dryer hookups Page 34
Account Detail Montrose County Assessor Property Account Detail* 609 W Main St. Account: M0051360 Owner Information Version End MAX Legal Description Owner Name MONTROSE VALLEY DEVELOPMENT LLC Estimated Tax Information Tax Year Taxes 2017 $120.16 Parcel Number 3767-283-06-002 Tax Area Id - 001165 Situs Address 609 W MAIN ST City MONTROSE Legal Summary MBL HOME TITLE: 21E426222 SERIAL: 9639AB YEAR: 1980 MAKE: SEACREST SIZE: 28X70 Actual Year Built: 1980 Assessment Information Actual (2016) $21,220 Assessed $1,690 Type Actual Assessed Acres SQFT Units Improvements $21,220 $1,690 0.000 0.000 0.0 *For more information please contact the Montrose County Assessor at (970) 249-3753 Page 35
Photographs Parcel #7 Parcel 7 is 16.81 acres of pasture, ponds and wetlands Zoned R-3 and B-4 696 sq.ft. 1bd, 1ba home Page 36
Photographs Parcel #7 14750 Marine Rd. Page 37
Parcel #7 14750 Marine Rd Floor Plan & General Information UTILITIES Water Riverwood Water Company Sewer City of Montrose (970) 240-1400 Gas Black Hills available, not installed (800) 563-0012 Electricity DMEA (970) 249-4572 Telephone CenturyLink (800) 743-3793 Cable Charter Spectrum (877) 273-7626 WATER RIGHTS* Irrigation Water Uncompahgre Valley Water User Association (970) 249-5864. 1.1 shares 2017 fees = $250 LEASE INFORMATION House, grounds and stable are all currently leased Call listing office for details *Water rights should be verified. Page 38
Directions to Parcel 7: 14750 Marine Rd. Starting from Renfrow Realty Office at 1832 South Townsend Ave., Montrose, CO 81401 Office number (970) 249-5001 Page 39
Montrose County Assessor Property Account Detail* Parcel 7 Account Detail Account: R0007873 Owner Information Owner Name MONTROSE VALLEY DEVELOPMENT LLC Version End MAX Parcel Number 3767-283-06-001 Legal Description Tax Area Id - 001165 Estimated Tax Information Tax Year Taxes 2017 $1,453.16 Assessment Information Situs Address 14750 MARINE RD City MONTROSE Legal Summary S: 28 T: 49 R: 9 A TRACT OF LAND IN THE W2 SW4 28-49-9 DESC BY M/B 631785 Actual Year Built 1982 Actual (2017) $130,230 Assessed $20,440 Type Actual Assessed Acres SQFT Units Improvements $93,550 $15,570 0.000 696.0 0.0 Land $36,680 $4,870 16.810 0.0 0.0 *For more information please contact the Montrose County Assessor at (970) 249-3753 Page 40
Recap MLS# Parcels Address Excellent investment property Three separate parcels Zoned B2, R3, R4, and MHR Parcel 4 has a 2,112 sq.ft. 3bd/2ba home Parcel 4 has over 0.3 miles of river frontage Acres (MOL) Res. Sq.Ft. Listing Price Parcel 4 and 7 are in a prime location next to the new Colorado Outdoors Parcel 5 has three mobile homes, two duplexes Parcel 7 has a 696 sq.ft. 1bd/1ba home 7 of 9 properties are currently leased The possibilities are endless with this land! Listing Price: $/Acre 708584 4 755 Spring Creek Rd 55.22 2112 $1,149,888 $20,824 708591 5 489 A, 489 B, 551, 555, 601, 605, 609 W. Main St 10.76 8172 $499,888 $46,462 708586 7 14750 Marine Rd 16.81 696 $349,888 $20,814 4,5,7 755 Spring Creek Rd; 489 A, 489 B, 551, 555, 601, 605, 609 W. Main St; 14750 Marine Rd 82.79 10980 $1,899,888 $22,949 $1,899,888 Contact John Renfrow or Joey Huskey at (970) 249-5001 Page 41