30 W 1st Street Cortez, Colorado
Listed By CENTURY 21 West Slope Realty
The Office for Sale located at Cortez, Colorado is currently for sale. Cortez, Colorado is listed for $400,000. This property has 3 bathrooms features. If the property located at Cortez, Colorado isn't what you're looking for, visit https://www.century21global.com to see other Offices for Sale in Cortez .
Date Updated : Apr 24, 2025
MLS#: 822843
$400,000 USD
- Total rooms3
- Minimum sellable space296m² (3,181ft²)
Property features
Construction details
- Year built: 1952
Area
- Property size: 296m² (3,181ft²)
- Land/Lot size: 647m² (0.16ac)
- Bathrooms: 3
- Total rooms: 3
Description
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.
Location
v1.3.0