Log In/Sign Up
Your email has been sent.
High-Yield Downtown Investment 1 W 1st St 2,610 SF 100% Leased Office Building Cortez, CO 81321 $289,000 ($110.73/SF)
Executive Summary
Big opportunities start with the right location. Just one block from Main Street in downtown Cortez, this versatile commercial property is positioned for investors ready to grow their portfolio or entrepreneurs looking to put their vision into motion. With three units across two buildings, existing rental income, a vacant space ready for your next tenant or business, and an impressive 11%+ pro forma cap rate, this property is built for both immediate returns and long-term potential. Add in historic tax incentives, flexible zoning, and recent exterior improvements, and you've found an investment that's ready to work for you.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,610 SF
Building Class
C
Year Built/Renovated
1907/1967
Price
$289,000
Price Per SF
$110.73
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
2,610 SF
Building FAR
0.35
Lot Size
0.17 AC
1 1
Fairly walkable
50/100
Moderately drivable
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R009660 | Improvements Assessment | $28,244 |
| Land Assessment | $9,547 | Total Assessment | $37,791 |
Property Taxes
Parcel Number
R009660
Land Assessment
$9,547
Improvements Assessment
$28,244
Total Assessment
$37,791
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
High-Yield Downtown Investment | 1 W 1st St