Link Copied
Listed price in listed location currency (USD).
$390,000

030

MLS® 822843

  • Key Facts
  • Description
  • Map

Key Facts

Type Office
Levels Commercial Sale
Size 3181 sqft
Garage No
HOA Fees 
Taxes $4,732
Days Active 239
Approx. Age 1952
Avg. Price Per Sqft $122
MLS® Number 822843

Property Address: 30 W 1st St, Cortez, CO, 81321-3565

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

Included in Maintenance Fee

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

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 11, 2025List Date
$390,000List Price
  • Commute

Commute

Starting Address
Destination Address
30 W 1 St St, Cortez, CO

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Comparable Properties