30 W 1st Street, Cortez, CO 81321
30 W 1st Street, Cortez, CO 81321
30 W 1st Street, Cortez, CO 81321
30 W 1st Street, Cortez, CO 81321
30 W 1st Street, Cortez, CO 81321
30 W 1st Street, Cortez, CO 81321
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Amanda Maxwell

Amanda Maxwell

+1(970) 394-0732
$ 375,000
Est. payment | /mo

3 Baths

3,181 SqFt

Save
$ 375,000
Est. payment | /mo
Save

3 Baths

3,181 SqFt

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 3,181 sqft

Price per Sqft $117

Subdivision Cortez

MLS Listing ID 822843

Year Built 1952

Annual Tax Amount $4,731

Tax Year 2025

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type Office

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.

Location

State CO

County Montezuma

Interior

Heating Forced Air

Cooling Forced Air

Flooring Carpet, Laminate, Vinyl

Furnishings Unfurnished

Exterior

Parking Features On Street, 2 Hour Parking Only

Utilities Available Electric, Internet, Natural Gas, Phone, Sanitary Sewer, Water

Roof Type Metal

Building

Story 1

Foundation Crawl Space, Slab

Sewer Public Sewer Installed

Water Public

New Construction No

Colorado Real Estate Network (CREN) + Sold
Listed by Century 21 West Slope Realty

Nearby Locations

Amanda Maxwell

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(970) 394-0732

amanda@maxwellbuilt.net

19 S Broadway, Cortez, CO, 81321-3401, USA

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30 W 1st Street