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$390,000 USD
30 W 1st Street
Cortez, Colorado 81321
USA
Cortez, Colorado 81321
USA
295.515 m2 ::
3,181 sqft
3 full baths
Commercial for Sale, Office Building
Land size: 0.065 ha ::
0.16 acres
Sale price per sqm: 1,319.69
Tax: 4,731.92 USD
Remarks:
Exceptional commercial investment opportunity in the heart of Cortez, Colorado. This well-maintained freestanding office building is fully leased to long-term professional tenants, each with a tenancy history dating back to the early 1990s. All tenants are on Modified Gross Leases, providing steady income with reduced owner responsibility. The building includes three individual suites, each featuring two private offices, copy room and a restroom. Interiors have been tastefully updated with modern finishes, and the exterior showcases professional curb appeal with clean, well-maintained landscaping. Located just off Main Street, this property offers excellent visibility, easy access, and close proximity to downtown amenities. A market-stabilized vacancy factor of 5% has been applied for conservative underwriting, though the property is currently 100% occupied. At the current income level, the asset reflects a strong CAP rate of approximately 4.91% — making it an ideal, low-maintenance addition to any investor portfolio.
Features:
- Year Built: 1952
- Property type: Office Building
- Floors: Wall to wall carpeting, Laminate, Linoleum
- Lot Description: Corner Lot
Location:
30 W 1st Street, Cortez, Colorado 81321, USA
Listed By CENTURY 21 West Slope Realty
The Commercial for Sale, Office Building located at 30 W 1st Street, Cortez, Colorado 81321, USA is currently for sale. 30 W 1st Street, Cortez, Colorado 81321, USA is listed for $390,000 USD. This property has 3 full baths and 3,181 sqft. If the property located at 30 W 1st Street, Cortez, Colorado 81321, USA isn't what you're looking for, search Colorado Real Estate to see other Commercial For Sale in Cortez.
