236 North StCortez, CO 81321

Property Details for 236 North St

Year built

1959

Lot size

0.24 AC

Property size (Sq ft)

4,600 SF

Property type

Office properties

Property subtype

Other office properties

Description

This exceptional mixed-use property at 236 W North St, Cortez, CO 81321, presents a compelling investment opportunity. The 4,600 square foot building, constructed in 1959, sits on a 0.24-acre lot and is zoned for Neighborhood Business, offering diverse usage possibilities. Currently configured as a multi-tenant office building with two occupants, the layout is remarkably adaptable. With minimal modifications, the space can easily be divided into four independent units, each featuring its own front and rear entrance and a half-bath. This flexibility maximizes rental income potential and caters to a wide range of tenants. The property's history as a home to various businesses, including dental and legal practices, speaks to its enduring appeal and established presence within the Cortez community. The building is eligible for Historic Property Designation, potentially offering additional tax benefits. The asking price is $525,000, translating to $114.13 per square foot. This represents a strong return on investment in a thriving Colorado market. The property's one-story design, single building structure, and four units provide a manageable and potentially lucrative investment. Don't miss this chance to acquire a versatile and historically significant commercial property in the heart of Cortez.

Location Insight

City

Cortez

County

Montezuma

State

Colorado

Latitude

37.3498

Longitude

-108.589

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