30 W 1st St - Office/Residential FOR SALE


Cortez, CO 81321
$390,000 USD
970-749-0793
30 W 1st St, Cortez, CO for Sale
$390,000 USD
Office/Residential - FOR SALE
1/20
null | Request Cap Rate

30 W 1st St
Cortez, CO 81321


HIGHLIGHTS

  • Located on a corner lot with exceptional exposure.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$390,000 USD

PRICE/SF

$153 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1952

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,212 SF

ZONING

CBD

APN/PARCEL ID

R009609

ASK ABOUT THIS PROPERTY

Jo Ann CauleyCentury 21 West Slope RealtyMore Info
970-749-0793

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Jo Ann CauleyCentury 21 West Slope RealtyMore Info
970-749-0793

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.