Property ID : 775241
Under Contract $1,825,000 - Commercial, Industrial, Investment, Land, Office, Office Showroom, Retail
ENDLESS POSSIBILITIES FOR YOUR NEXT BUSINESS VENTURE
Unbelievable E Main Street Commercial Location
Located on a signalized intersection, this 22,800 sq. ft. building boasts three separate units, 2.74 acres, 90+ paved parking spots and 3-phase power. This building became a movie theater in 1998, prior to that it was a grocery store. Property is zoned B-2 in the city of Montrose which allows for many business opportunities, including retail, professional offices or restaurants. Property is located across from Golds Gym, Dollar Tree, most of Montrose’s hotels and motels plus many local and chain dining options. Both outside units are leased until late 2024 with the option to renew.
Future owner will be required to sign a non-compete clause/restricted covenant, prohibiting any movie theater company/motion picture distributor for 20 years after purchase of property.
Incredible tax break with Opportunity Zone designation!