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TBD S Hillcrest Drive, Montrose, CO 81401

Montrose
Local realty services provided by:CENTURY 21 CapRock Real Estate
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:92 day(s) ago
  • Updated:June 03, 2026 at 02:14 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
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