S Hillcrest Dr, Montrose, CO 81401

Overview

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.

Due Diligence Docs

ACCESS & INFRASTRUCTURE:

Ingress/Egress

• Primary access via Pennsylvania Street

• Secondary access via Oregon Street right-of-way (available upon completion)

Water Service

• 8-inch main line along Pennsylvania Street

• 8-inch stub service from Miami Road

Sanitary Sewer

• 8-inch gravity line flowing west on Pennsylvania Street

• 8-inch line extending through Oregon Street into adjacent development area

Electrical Service

• DMEA-served territory

• 3-phase sectionalizer (southern site boundary): conversion to transformer required for service activation

• Single-phase sectionalizer (Pennsylvania Street): available for northeast portion service

Natural Gas Service

• 2-inch polyethylene main line located on south side near Miami Road; available for tap connection

Note: Utility information provided for general reference. Buyers should independently verify all utility details and site conditions with applicable service providers and consultants prior to purchase.

Listing Page: https://www.hoffleigh.com/listing/tbd-south-hillcrest-drive/