1047 N 1st Street, Montrose, CO 81401 (MLS# 190581) -

1047 N 1st Street, Montrose, CO 81401

$570,000

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Property Type: Commercial Sale Square Footage: 1,308 Lot Size (sq. ft.): 6,250 Status: Active

Current Price: $570,000 List Date: 10/23/2025 Last Modified: 10/27/2025

Overview

Description

Prime Downtown Montrose Restaurant Property - Turnkey Opportunity for Restaurateurs or Investors Meticulously maintained and thoughtfully updated, this 1308± sq ft restaurant building sits on a double lot in the heart of Downtown Montrose, Colorado. Zoned B4, this property offers exceptional versatility and investment potential. The building features a fully equipped commercial kitchen, indoor dining area, and outdoor patio seating on both the front and side—perfect for Colorado's sunny seasons. Two large outdoor sheds provide ample storage, including one equipped with multiple refrigerators and freezers. There's also plenty of space in the back to park a trailer or expand the footprint for future growth. Currently home to the beloved Lighthouse Eatery, Home of the Famous Green Chili Breakfast Burrito and Homemade Bear Paw Bread, a long-standing Montrose dining favorite for nearly 12 years, this property is ideally situated just steps from Main Street, boutique shops, galleries, and ... (Read more)

Listing Details MLS# 190581

Location Info

Inside City Limits: Yes
Condominiumized: No
Zoning City: Montrose
Zoning County: Montrose
Type: Business with Real Estate
Major Area: Out of Area
Area: Within Colorado
Asking Price: 570000
Original List Price: 570000
Street #: 1047
Street Direction Pfx: N
Street Name: 1st
Street Suffix: Street
City/Town: Montrose
State/Province: CO
Postal Code: 81401

Keywords Info

Total Building SqFt: 1.001 - 5,000
Association Dues: No

Listing Info

Occupant Type: Owner
SqFt Level: Ground Floor
Seller/Owner is Licensed: No
Short Sale: No
REO: No
Auction: No
In Foreclosure: No
Member Association: Glenwood Association

General Info

Sub/Loc: Out of Area
County: Montrose
Legal: Subd: FAIR GROUND PLAT Block: 10 Lot: 23 AND:- Lot: 24 S: 27 T: 49 R: 9
Zoning: B4
Lot SqFt: 6250
Nbr of Acres: 0.14
Stories: 2
Total SqFt: 1308
Unit SqFt: 1308
Business Name: Lighthouse Eatery
Inventory: Yes
Parcel #: 376727214007
Year Built: 1946
Directions: From Main and Townsend, go east on Main, left on N Lot Ave, Right on N 1st St, property will be on the left.

Financing Info

Metro Tax District: No
Taxes: 3219.04
Tax Year: 2024
Transfer Tax: No
Total HOA Fee Per Year: 0

Status Change Info

Sold Price Per/SF: 0

More Information

Remarks

Public Remarks: Prime Downtown Montrose Restaurant Property - Turnkey Opportunity for Restaurateurs or Investors Meticulously maintained and thoughtfully updated, this 1308± sq ft restaurant building sits on a double lot in the heart of Downtown Montrose, Colorado. Zoned B4, this property offers exceptional versatility and investment potential. The building features a fully equipped commercial kitchen, indoor dining area, and outdoor patio seating on both the front and side—perfect for Colorado's sunny seasons. Two large outdoor sheds provide ample storage, including one equipped with multiple refrigerators and freezers. There's also plenty of space in the back to park a trailer or expand the footprint for future growth. Currently home to the beloved Lighthouse Eatery, Home of the Famous Green Chili Breakfast Burrito and Homemade Bear Paw Bread, a long-standing Montrose dining favorite for nearly 12 years, this property is ideally situated just steps from Main Street, boutique shops, galleries, and local theaters. It benefits from strong foot traffic, staff parking behind the building, and abundant public parking nearby. With high visibility, a thriving tourism-driven market near the Black Canyon of the Gunnison National Park, and easy access to Montrose's many outdoor venues, this property presents a strategic opportunity for restaurateurs, developers, or investors looking to thrive in Western Colorado's fastest-growing market.

Units

Units: Yes

Allowable Uses

Mixed Use: Yes
Office: Yes
Restaurant/Bar: Yes
Retail: Yes

Current Use

Restaurant: Yes

Construction

Frame: Yes

Access

Paved: Yes

Electric

Yes: Yes

Basement/Substructure

Finished: Yes

Gas

Natural Gas: Yes

Water

Public: Yes

Water Rights

No: Yes

Extras

Kitchen Area: Yes
Restrooms: Yes
Storage: Yes

Location Amenities

Corner Lot: Yes

Parking

1 - 5 Spaces: Yes
Street Parking: Yes

Occupant

Owner Occupied: Yes

Terms Offered

Cash: Yes

Property Features

Allowable Uses: Mixed Use; Office; Restaurant/Bar; Retail Current Use: Restaurant Construction: Frame Electric: Yes Gas: Natural Gas Water: Public Parking: 1 - 5 Spaces; Street Parking Access: Paved Extras: Kitchen Area; Restrooms; Storage Location Amenities: Corner Lot Occupant: Owner Occupied Water Rights: No Terms Offered: Cash

Listing Office: United Country Real Colorado Properties

Last Updated: October - 27 - 2025

Broker Attribution: (970) 256-9700

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