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TBD S Hillcrest Drive, 
Montrose, CO 81401

$1,500,000

—

Bed

—

Bath

-

Sq Ft

10.30

Acres (Lot)

Land

Active

Listed by

Klete Keller

Hoff & Leigh Western Slope, LLC.

Last updated:

March 3, 2026, 05:40 AM

MLS#

832082

Source:

CO CREN

About This Land

TBD S Hillcrest Drive

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.

Land Facts

Description/Design:

Land

Lot Size (Acres)

10.30

MLS #:

832082

Last Updated:

March 3, 2026, 05:40 AM

Added:

a day ago

Finances & Disclosures

Finances

Price:

$1,500,000

MLS Logo
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.