Montrose is a growing non-metropolis on Colorado’s Western Slope, where freeways cease to exist and life slows down. Montrose is full of great homes on large lots offered at value prices compared to major metro areas. Removing a few walls, shoring up footing, updating kitchens, bathrooms and flooring along with a few exterior improvements can build immediate equity ideal for first home, investment or rental properties. Access to the outdoors, along with affordable housing, and wide open spaces are just a few of the area’s appeals. Nearby attractions include:
Telluride’s box canyon and world class skiing - 90 minutes
Black Canyon of the Gunnison National Park - 30 minutes
Peach Valley Dirt Biking - 15 minutes
Grand Mesa National Forest - 1 hour
Blue Mesa Reservoir and Curecanti National Recreation Area - 45 minutes
Ouray, Colorado’s Swiss Alps - 45 minutes
Plus fishing in nearby rivers, streams, lakes, reservoirs, and
Camping in National Forest and BLM, or at designed state and private campgrounds.
In 2016 Montrose adopted a city ordinance, designating the Redevelopment Overlay, (REDO) District, to encourage residential development, and redevelopment of existing downtown properties. REDO amends zoning laws to allow for increased density, whether through subdivision, or the addition of “Accessory Dwelling Units” (ADUs). It also approves reduced dimensional standards and a larger variety of housing types in the downtown core.
REDO aims to encourage rehabilitation of deteriorating housing stock, and to create more affordable housing in Montrose. It's already driving investment and home sales in downtown, a trend that should continue with the addition of Colorado Outdoors, a massive riverfront residential and commercial development project currently underway on REDO’s western border.
The REDO District offers an increasing selection of “walkable” stores and restaurants. In addition, Montrose Memorial Hospital, Montrose Regional Library, and Colorado Mesa University-Montrose campus, are all located within the District, which offers a variety of zoning types from business to residential, high density and mixed use.
Colorado Outdoors has been designated an “Opportunity Zone”, which allows for significant investor and business tax credits through the temporary deferral of capital gains, along with other incentives for businesses moving to Montrose.
In fall of 2017 Mayfly Outdoors broke ground on its 41,000-square-foot state-of-the-art headquarters for the manufacture of Abel Automatics and Ross Reels.
Marriott plans a 100-unit Town Place, known for its spacious suites, ideal for accommodating longer stays.