Active

628 W 5th Street

Cortez CO, 81321

$1,195,000


$159.33 per sqft

Active

2 Baths

7,500 sqft

Commercial

Built in 1995

Courtesy of Regents Real Estate Group Inc. with Listing Contact: 970-759-4065 

Attention Investors! The ideal investment property is ready for you. This 7,500 sqft commercial building in Cortez Colorado has had only one tenant for the past 20+ years...the US Department of Agriculture! The Lease was recently extended for another 5 years, and will generate consistent cash flow for a new owner at an estimated 7 to 8% cap rate. The 2.29-acre lot has a convenient location and established landscaping. The owner is responsible for maintaining the landscape and building and paying property tax and all utilities. Don't miss out on this exceptional investment opportunity in Cortez, Colorado.

814612

MLS ID

June 10, 2024

Listed

November 22, 2024

Updated

Map

628 W 5th Street
Cortez CO, 81321

Interior Features

Total Stories

1


Total Bathrooms

2


Three-Quarter Bathrooms

2


Floor Description

Carpet, Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air, Natural Gas

Exterior/Building Features

Lot Size

2.29 Acres


Exterior Features

Sprinkler/Irrigation


Lot Features

Landscaped, Sprinkler System


Roof

Membrane


Sewer

Connected, Public Sewer

Other Property Details

Area Name

Cortez


Taxes

$11,250


Tax Frequency

Annually


Days on Market

95


Garage

No


Parking

Off Street, Paved, Parking Space(s)


View

No


County

Montezuma


Water Source

Public


Pool

No

Listing History

Date

Event

Price

9/13/2024

Price change

$1,195,000

-8%

Courtesy of Regents Real Estate Group Inc. with
Listing Contact: 970-759-4065 


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Real estate listings held by companies other than Legacy Properties Sotheby's International Realty will feature the respective company’s name.

Data last updated on: 11/22/2024

 

 

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