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Prime Commercial Property in Downtown Cortez 1 W 1st St 1,145 SF 100% Leased Office Building Cortez, CO 81321 $396,335 CAD ($346.14 CAD/SF)
EXECUTIVE SUMMARY
This prime commercial property in downtown Cortez offers an excellent investment opportunity, located just one block off Main Street. The property features three units: the main building, currently used for professional/office services, includes an attached studio and will be vacant by May 1, 2025. The second building operates as a tanning salon with a lease in place through July 2026. Zoned as neighborhood commercial, the property presents potential for residential or multifamily housing development, subject to buyer due diligence. This versatile space is ideal for entrepreneurs or developers looking to capitalize on its central location and future possibilities.
Listing ID: 05099-822075
Listing ID: 05099-822075
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
1,145 SF
Building Class
C
Year Built/Renovated
1907/1967
Price
$396,335 CAD
Price Per SF
$346.14 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
1,145 SF
Building FAR
0.15
Lot Size
0.17 AC
1 1
Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | R009660 | Improvements Assessment | $21,645 CAD |
| Land Assessment | $12,287 CAD | Total Assessment | $33,932 CAD |
PROPERTY TAXES
Parcel Number
R009660
Land Assessment
$12,287 CAD
Improvements Assessment
$21,645 CAD
Total Assessment
$33,932 CAD
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Prime Commercial Property in Downtown Cortez | 1 W 1st St
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