30 W 1st Street, Cortez, Colorado 81321

30 W 1st Street, Cortez, Colorado 81321
30 W 1st Street, Cortez, Colorado 81321
30 W 1st Street, Cortez, Colorado 81321
30 W 1st Street, Cortez, Colorado 81321
30 W 1st Street, Cortez, Colorado 81321

Listed By CENTURY 21 West Slope Realty

The Office for Sale located at Cortez, Colorado 81321 is currently for sale. Cortez, Colorado 81321 is listed for $400,000. This property has 3 bathrooms, Office Building features. If the property located at Cortez, Colorado 81321 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 rooms
    3
  • Minimum sellable space
    296 m² (3,181 ft²)
The details

Property features

Key features

  • Office Building

Construction details

  • Year built: 1952

Area

  • Property size: 296 m² (3,181 ft²)
  • Land/Lot size: 647 m² (0.16 ac)
  • 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.

This paragraph can be translated by Bing Translate.

Location

Cortez, Colorado 81321
Map preview

© 2025 CENTURY 21® Real Estate LLC. All rights reserved. CENTURY 21®, the CENTURY 21® Logo and C21® are registered service marks owned by CENTURY 21® Real Estate LLC. CENTURY 21® Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Listing Information is deemed reliable but is not guaranteed accurate.

Equal Housing Opportunity

All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination." We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.