1 W 1st Street , Cortez, CO 81321
Cortez, CO 81321
Description
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.
Details
| MLS# | 822075 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Building Name | Tanning Salon |
| Suite Number | 7 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1922 |
| Days On Site | 34 |
| Listing Provided By | United Country Blue Sky Homes and Land | Mindi Clark |
Features
| Bath(s) | 3 |
|---|---|
| SQ Feet | 2,141 |
| Basement | Y |
| Story(s) | 1 |
| Units | 3 |
| Zoning | Business,Commercial,Office,Mixed |
| Acreage | 0.16 |
Market Activity 81321
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Learn More About This Property
| State | CO |
|---|---|
| County | Montezuma |
| City | Cortez |
| Zip Code | 81321 |
| Area | Cortez |
| Community Name | Cortez Original |
| Listing VS Median (In Cortez Original) | |
Price: $325,000 low | high Med: $480,000 SqFt: 2,141 low | high Med: 2,618 $ / SqFt: $152 low | high Med: $183 On site: 34 low | high Med: 297.000000 | |