Commercial Sale · Active
Cortez, CO 81321
3 Baths · 2,610 Sq Ft
$249,000
Mixed Use
Property Type
0.16 acres
Lot Size
1922
Year Built
$95
Price per Sq Ft
836302
MLS #
About This Property
Prime downtown Cortez commercial investment one block off Main Street. Three units across two buildings with a fully occupied pro forma cap rate of 11.0%+. The main building is currently vacant and was last leased at $1,850/month(this included the studio), offering immediate opportunity to add value and maximize returns. The attached studio is leased through March 2027 at $700/month and the tanning salon through July 2027 at $850/month.
New roof on the main building completed April 2025 and fresh exterior paint on both buildings as of June 2026. The 7 W. 1st Street building carries a City of Cortez historic designation, unlocking valuable tax incentives and renovation benefits. Zoned Neighborhood Commercial with flexibility for professional, residential, or multifamily use, subject to buyer due diligence.
Steady current income, upside in the vacant unit, tax advantages, and redevelopment potential all in one package. Opportunities like this in downtown Cortez don't come around often.
146 days on market
Listed by Mindi Clark & Allison Klein · United Country Blue Sky Homes and Land · 970-516-1759
Property Details
| Property Type | Commercial Sale |
| Sub Type | Mixed Use |
| Status | Active |
| Price per Sq Ft | $95 |
| Subdivision | Cortez Original |
| MLS # | 836302 |
| Days on Market | 146 |
| Year Built | 1922 |
| Lot Size (Sq Ft) | 6,970 |
| Acres | 0.16 |
| Annual Taxes | $0 |
| Tax Year | 2026 |
| State | CO |
| County | Montezuma |
| Zoning | Business,Commercial,Mixed Use,Office |
| Heating | Forced Air, Heat Pump, Other |
| Cooling | Central Air, Other |
| Flooring | Carpet, Laminate, Vinyl |
| Parking Features | On Street, Off Street, 2-10 Total Spaces |
| Roof | Metal, Other |
| Sewer | Public Sewer |
| Water Source | Public |
| New Construction | No |
Location
Price History
| Date | Event | Price |
|---|---|---|
| 9/28/2026 |
Price change Source: Colorado Real Estate Network (CREN) #836302 |
$249,000 -13.8% $95/sqft |
| 6/22/2026 |
Listed for sale Source: Colorado Real Estate Network (CREN) #836302 |
$289,000 $111/sqft |
| 3/17/2026 |
Listing removed Source: Colorado Real Estate Network (CREN) #822075 |
— |
| 3/17/2025 |
Listed for sale Source: Colorado Real Estate Network (CREN) #822075 |
$289,000 $111/sqft |
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