$249,000

1 W 1st Street Unit: 7 W 1st Street, Cortez CO, 81321

Price per sqft$95.40

Built in1922

Property size2,610 sqft

Property typeCommercial

Listed by Mindi Clark with United Country Blue Sky Homes and Land 970-769-0072

Overview

Active

Listed Jun 22, 2026

Updated 2 weeks ago

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.

Additional information

MLS^® ID: 836302

Interior Features

Bathrooms: 3
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.16 Acres

Listed by Mindi Clark with United Country Blue Sky Homes and Land 970-769-0072

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Data last updated on: 9/29/2026