Property Description
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.
FOR SALE by Mindi and Allison
PROPERTY HIGHLIGHTS:
| Commercial Real Estate for Sal | Multi-Tenant Income Property | Historic Property | ||
| Downtown Investment Property | Commercial Property Near Main | Investment & Income | ||
| Historic Commercial Building | Commercial Property |
Property Id: 585350
Price: $289,000
Property Size: 2,610.00 ft2
Property Lot Size: 0.16 ac
Bathrooms: 3
County: Montezuma County
Lot Size (AC): 0.16000
Year Built: 1922
Listing ID: 05099-836302
Office ID: 4799
Listing Address: 1 W 1st St, Cortez, Colorado 81321-3507
Other Features
Airport
Appliance
Basement
Central Air
Community Activities
Cul de Sac
Deck
Energy Efficient
Fence
Finished Basement
Fireplace
Fireplace Location
Gated
Guest House
Gym/Fitness Center
Handicapped Accessible
Hospital
Hot tub
Large Kitchen
Maintenance Provided
Mineral Rights
New Appliances
Outbuildings
Park
Parking
Patio
Pool
Restaurants/Shopping
Room
School
Security System
Security System/Alarm
Sewer
Sprinkler System
Storage
Storm Shelter/Cellar
Tennis Court
View
Water Access
Water Rights
Wine Cellar
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