Improved Commercial Land for Sale in Cortez, Colorado
628 W 5th St Cortez, CO 81321
Images
Map
Street
$1,195,000
2.29 acres
Active sale$100k dropEst $5,980/mo
Paul Beckler, Regents Real Estate Group Inc., C: 970-759-4065, paulbeckler@gmail.com, www.crenmls.com: 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.
7,500
Sq feet
1995
Built
Property details
- County
- Montezuma County
- Elevation
- 6,158 feet
- MLS Number
- CREN 814612
- Date Posted
Parcels
- 561127400028
Detailed attributes
Listing
- Type
- Commercial Sale
- Subtype
- Office
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Sept 13, 2024 | Price drop | $1,195,000 | $100,000 -7.7% | CREN |
| June 11, 2024 | New listing | $1,295,000 | — | CREN |
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