Outstanding investment opportunity just south of Montrose along Highway 550! This 20-acre property offers prime visibility with constant traffic exposure and convenient access from both Highway 550 and Racine Road. Featuring priority water rights and stunning mountain views, this versatile parcel holds tremendous potential for a wide range of commercial or mixed-use developments. A rare find in a rapidly growing corridor — come take advantage of this investment/business opportunity.
Sold inner office
$800,000
Lot 2 Highway 550, Montrose, CO 81403
--beds
--baths
20.3Acres
Unimproved Land
Built in ----
20.3 Acres Lot
$-- Zestimate®
$--/sqft
$-- Estimated rent
Home value
Not available
Estimated sales range
Not available
Not available
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Burton Bullington 970-596-4744,
Shaffer Real Estate Company
Bought with:
Burton Bullington, FA40038693
Shaffer Real Estate Company
Source: CREN,MLS#: 829588
Facts & features
Property
Features
- Has view: Yes
- View description: Mountain(s)
- Frontage length: 150'+ Frontage
Lot
- Size: 20.3 Acres
- Features: Boundaries Surveyed
- Topography: Level
Details
- Parcel number: 399309407002
- Zoning description: Agriculture
- Horses can be raised: Yes
Utilities & green energy
- Water: Public, Tap Installed
- Utilities for property: Electricity Connected, Natural Gas Available
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Montrose
Financial & listing details
- Annual tax amount: $267
- Date on market: 4/1/2026
- Has irrigation water rights: Yes
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 3/31/2026 | Sold | $800,000-5.9% |
Source:  CREN #829588 Report a problem | ||
| 11/6/2025 | Listed for sale | $850,000 |
Source: CREN #829588 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 81403
Nearby homes
- $555,8001 bd0 ba1.2k sqft18101 Woodgate Rd, Montrose, CO 81403Off Market
- $681,2003 bd3 ba2.8k sqft19311 S Highway 550, Montrose, CO 81403Off Market
- $900,0001 bd1 ba1.1k sqft18033 Woodgate Rd, Montrose, CO 81403Sold
- $504,4003 bd2 ba1.5k sqft65816 Racine Rd, Montrose, CO 81403Off Market
- $219,5903 bd1 ba1.9k sqft18235 Woodgate Rd, Montrose, CO 81403Off Market
- $438,7003 bd1 ba1.9k sqft18235 Woodgate Rd, Montrose, CO 81403Off Market
- $767,4003 bd2 ba2.5k sqft18043 Woodgate Rd, Montrose, CO 81403Off Market
- $689,0004 bd2 ba2.5k sqft65800 Racine Rd, Montrose, CO 81403Off Market
Nearby schools
GreatSchools rating
- 8/10Cottonwood Elementary SchoolGrades: K-5Distance: 1.5 mi
- 5/10Columbine Middle SchoolGrades: 6-8Distance: 3.4 mi
- 6/10Montrose High SchoolGrades: 9-12Distance: 3.6 mi
Schools provided by the listing agent
- Elementary: Cottonwood K-5
- Middle: Columbine 6-8
- High: Montrose 9-12
Source: CREN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Colorado
- Montrose County
- Montrose
- 81403
- Lot 2 Highway 550
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