Exceptional opportunity to own a fully leased commercial building in the heart of downtown Montrose. This well-maintained property features three individual units, two of them occupied by stable, active tenants on long term lease agreements, providing immediate and consistent income for investors. Strategically positioned in a high-visibility location, the building benefits from heavy foot and vehicle traffic, making it ideal for a variety of retail or professional service tenants. The surrounding area boasts a vibrant mix of businesses, restaurants, and amenities, further enhancing tenant appeal and long-term occupancy potential. Key Highlights: Three units with strong tenant history High cap rate – attractive return on investment Outstanding visibility and signage opportunities Central downtown location – walkable, accessible, and desirable Professionally managed and well maintained This is a rare chance to acquire a cash-flowing asset in one of the most sought-after locations in the city. Perfect for investors seeking stable returns and long-term appreciation.

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The data on this site was last updated May 25, 2026

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Property Details of 1020 S Townsend Avenue

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Grace Golden Country Homes LLC