136 1St StCortez, CO 81321

Property Details for 136 1St St

Year built

1979

Lot size

0.03 AC

Property size (Sq ft)

825 SF

Zone code

CBD

Property type

Office properties

Property subtype

Office buildings

APN

561126305004

APU

561126305004

Description

This exceptional 825-square-foot office building, located at 136 W 1st Street in the heart of Cortez, Colorado, presents a fantastic opportunity for business owners seeking a move-in ready space. Situated on a 0.03-acre lot, the property boasts two separate offices and a spacious entrance lobby, providing ample room for various business needs. Recent upgrades enhance the building's appeal and functionality. The stucco exterior was updated this year, and all windows were replaced just last year, ensuring energy efficiency and a modern aesthetic. Cooling is provided by a roof-mounted swamp cooler. A half-bathroom is conveniently located within the building. The property is currently priced at $149,000. For buyers making a full-price offer, a $5,000 flooring allowance is included, allowing for customization to perfectly suit your business's style and needs. This is an ideal opportunity to escape the costs and limitations of renting and establish a permanent presence in the vibrant Cortez business community. The property is ready for immediate occupancy, allowing you to focus on your business growth without delay. Don't miss this chance to own your own office space in a thriving downtown location.

• CAP approach

  CAP return

  Valuation

  6%

  $151,615

  6.5%

  $139,952

  7%

  $129,955

• Comparable approach

  Method

  Valuation

  Relative Method

  $167,892

  Geo Method

  $68,162

• Alternative Use

  Use

  Valuation

  Residential

  $173,541

  Hospitality

  $158,962

  Educational

  $132,255

  Medical

  $136,803

  Retail

  $205,730

Location Insight

City

Cortez

County

Montezuma

State

Colorado

Latitude

37.3477

Longitude

-108.587

Property Tax & Assessments

FAQs

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