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TBD S Hillcrest Drive, Montrose, CO 81401

Montrose
Local realty services provided by:CENTURY 21 West Slope Realty
TBD S Hillcrest Drive,Montrose, CO 81401
$1,500,000
  • 10.3 Acres
  • Lots / Land
  • Active
Listed by: klete keller
Office: hoff & leigh western slope, llc.
MLS#:832082
Source:CO_CREN

Price summary

  • Price:$1,500,000

About this home

Premier 10-acre multifamily development opportunity near historic downtown Montrose and popular amenities. This parcel was rezoned in 2023 to R-4 (24 units/acre) to help address Montrose’s acute housing shortage. R-4 is the city’s highest density residential zoning designation. With very few existing apartment buildings in Montrose and housing a top priority for city hall, this site positions a buyer to meet a genuine community need. The site plan is complete for 190 units with full zoning analysis done and utilities stubbed. Water, sewer, and electrical infrastructure is ready to go, positioning the project for a streamlined approval process. Just down the road from the beloved Star Drive-In Theatre, one of Colorado’s few remaining drive-in’s, and Black Canyon Golf Course, an 18-hole municipal course and Montrose’s oldest. This location has all the ingredients for strong market demand and a successful lease-up.

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Home facts

  • Listing ID #:832082
  • Added:143 day(s) ago
  • Updated:July 24, 2026 at 06:01 PM

Structure and exterior

  • Lot area:10.3 Acres
  • Lot Features:Adjacent to Open Space, Golf Course Near

Schools

  • High school:Montrose 9-12
  • Middle school:Centennial 6-8
  • Elementary school:Johnson K-5

Utilities

  • Water:Tap Available
  • Sewer:Sewer Tap Available

Finances and disclosures

  • Price:$1,500,000
  • Tax amount:$22,595

Features and amenities

  • Amenities:Electricity
MLS LogoSOURCE: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network (CREN). All data deemed reliable but not guaranteed and should be independently verified. The information contained in this publication is subject to change without notice. TERMS OF USE: This publication is designed to provide information with regard to the subject matter covered. This listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought. WARRANTY: COLORADO REAL ESTATE NETWORK (CREN) MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. COLORADO REAL ESTATE NETWORK SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL. 2026 by COLORADO REAL ESTATE NETWORK” 121 Park Avenue #4 MONTROSE, CO 81401 USA ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of Colorado Real Estate Network (CREN). PUBLISHERS NOTE: All information is deemed reliable by is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex,, handicap, familial status, or national origin. Please check with your local government agency for more information. CO_CREN Member Broker: Jerald Cauley

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