628 W 5th St - Office FOR SALE


Cortez, CO 81321
$800,000 USD
970-759-4065
628 W 5th St, Cortez, CO for Sale
$800,000 USD
Office - FOR SALE
1/51
null | 11.12% Cap Rate

628 W 5th St
Cortez, CO 81321


OVERVIEW

The ideal investment property is ready for you. This 7,500 sqft commercial building in Cortez Colorado has had only one tenant for the past 20+ years, the US Department of Agriculture! In 2023 the Lease was extended last year for another 5 year term, and will generate consistent cash flow for a new owner at an estimated 10% cap rate. The 2.29-acre lot has a convenient location and established landscaping. The owner is responsible for maintaining the landscape and building and paying property tax and all utilities. Don't miss out on this exceptional investment opportunity in Cortez, Colorado.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$107 USD /SF

CAP RATE

11.12%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

2.29 AC

LAND SF

99,752 SF

ZONING

C

APN/PARCEL ID

R010318

ASK ABOUT THIS PROPERTY

Paul BecklerRegents Real Estate GroupMore Info
970-759-4065

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Paul BecklerRegents Real Estate GroupMore Info
970-759-4065

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