




Listed By CENTURY 21 West Slope Realty
The Office for Sale located at 30 W 1st Street, Cortez, Colorado 81321 is currently for sale. 30 W 1st Street, Cortez, Colorado 81321 is listed for $390,000. This property has 3 bathrooms.
$390,000 USD
Office for Sale, 30 W 1st Street, Cortez, Colorado 81321
- MLS#822843
- Total rooms3
- Minimum sellable space
296 m² (3,181 ft²)
Property features
Property
- Property size:
296 m² (3,181 ft²) - Type: Office Building
Lot/Land
- Land/Lot size:
647 m² (0.16 ac) - Lot description: Corner Lot
Construction
- Year built: 1952
Bathrooms
- Total bathrooms: 3
- Full bathrooms: 3
Interior Features
- Floors: LaminateWall To Wall CarpetingLinoleum
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
30 W 1st Street, Cortez, Colorado 81321