30 W 1st, Cortez, CO

Office for Sale - $350,000 - 3,181 Sq. Ft. on 0.16 acres


Agent Info

Jo Ann Cauley
CENTURY 21 West Slope Realty

Property Info

CIMLS#1198503
Location
  30 W 1st
  Cortez CO 81321
UpdatedNovember 5th, 2026
TypeOffice
Price$350,000
Building3,181 Sq. Ft.
Land0.16 acres

Property Description

In the heart of Cortez exceptional commercial investment opportunity, 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.


Financials


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