Harding Real Estate Team
MLS#840099
STATUS
PROPERTY TYPECommercial - Office
SUBDIVISIONCortez
Property Description
In the heart of Cortez exceptional commercial investment opportunity, 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% â?? making it an ideal, low-maintenance addition to any investor portfolio.
Property Features
Property Type: Commercial - Office
Cooling: Forced Air
Fuel Type: Natural Gas
Heating: Forced Air
Lot Size: 0.16 Acres
Roof Type: Metal
Taxes: 4,731.92
Year Built: 1952
Feature Descriptions
Access: City/Town
Available Meters: 1 (Water), 3 (Electric)
Days on Site: 9
Existing Utilities: Sanitary Sewer, Water, Natural Gas, Electric, Phone, Internet
Flooring: Vinyl, Carpet, Laminate
Landlord Pays: Building Insurance, Ext Maintenance (Bldg), Site Maintenance (Prop), Common Area Maintenance, Trash, Sewer/Water
Lot: Corner
Lot Dimensions: 6969.76 sq ft
Miscellaneous Information: Lease Included, Real Estate For Sale
Parking: On Street, 2 Hour Parking Only
Sewer: Public Sewer Installed
Square Footage: 3181 (Finished), 3181 (Main), 3181 (Office)
Substructure: Crawl Space, Slab
Tenant Pays: Electric, Gas, Interior Maintenance, Janitorial
Water: Public
Year Started: 1990
Listed By / Shown By
Listed By
Agency Name: Century 21 West Slope Realty
Agency Phone: 970-565-8408
Shown By
Agent Name: Harding Real Estate Team
Agent Phone: (734) 812-6900
Agency Title: Key Realty
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30 W 1st | MLS# 840099
This commercial property located at 30 W 1st, Cortez, CO 81321 is currently listed for sale with an asking price of $350,000. Search Cortez real estate on www.hardingrealestateteam.com today.