Property photo 1
0 Baths
90,000 sqft

$27,000,000

TBD 6700 Road, Montrose CO, 81401

Price per sqft$300.00
Built in2027
Property size90,000 sqft
Property typeMulti-family
Listed by Debra Harmon with 20 Sleeps West Real Estate 970-901-5131

Overview

Active

Listed Oct 27, 2026

Updated 3h ago

RARE $27 MILLION OPPORTUNITY ZONE MULTIFAMILY INVESTMENT — 96 PROPOSED RESIDENTIAL UNITS IN MONTROSE, COLORADO! An exceptional opportunity for qualified investors, developers, and investment groups seeking a substantial new-construction multifamily development within a currently designated Qualified Opportunity Zone. This TO-BE-BUILT residential community proposes approximately 90,000 square feet encompassing 96 apartments, including 24 one-bedroom units, 48 two-bedroom/two-bath units, and 24 three-bedroom/two-bath units. Planned features include stainless-steel appliances, in-unit washers and dryers, natural-gas heating, central air conditioning, private decks, individually metered utilities, and carport parking. Strategically positioned on a highly visible corner site across from an elementary school and conveniently located near downtown Montrose, this development offers the potential for long-term residential rental income, operational efficiencies, and asset appreciation. Of particular interest is the property's current Opportunity Zone location, which may provide significant federal capital-gains tax advantages for eligible investors through a properly structured qualifying investment. An outstanding opportunity to explore the development of a sizable multifamily asset in Western Colorado's regional hub. Offered at $27,000,000. TO BE BUILT. Development details and Opportunity Zone tax eligibility are subject to verification. Contact the broker for additional information.

$179,632/mo

Est. mortgage payment based on a $27,000,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

New Construction
Yes

Listed by Debra Harmon with 20 Sleeps West Real Estate 970-901-5131


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Data last updated on: 10/28/2026

 

 

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