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USACOCortezCortez30 W 1St St
30 W 1 St St, Home with 0 bedrooms, 3 bathrooms and null parking in Cortez CO | Image 1
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$400,000

30 W 1 St St, Cortez, CO

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Office
Levels Commercial Sale
Size 3181 sqft
Garage No
Maintenance Fees 
Taxes $4,732
Days Active 65
Approx. Age 1952
Avg. Price Per Sqft $125
MLS® Number 822843

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® Number822843
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1952
Stories1
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatNatural Gas, Forced Air
A/C
Heating Fuel

Extras

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