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30 W 1st Street, Cortez, CO 81321

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Listing Type
Commercial/Industrial
Listing Status
active
22
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Transportation
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$400,000

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Home Details for 30 W 1st Street
Price
$400,000
Type
Commercial/Industrial
Year Build
1952
Sq. Ft.
3181
Lot Size
0.16
County
Montezuma
Basement
Crawl Space
Tax
$4,731.92
MLS®️ Listing#
822843
On exitrealty.com
286 days
Property 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.
Property Features
Listing Courtesy: Century 21 West Slope Realty
mls_iconThe data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2026. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to "limited license" rights. Duplication or reproduction is prohibited.
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Date Last Updated 2025-04-14 02:15:24
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$400,000

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