1010 BroadwayCortez, CO 81321

Property Details for 1010 Broadway

Year built

1969

Lot size

2.20 AC

Property size (Sq ft)

4,000 SF

Zone code

C

Property type

Retail properties

Property subtype

Auto shops

APN

561122400035

APU

561122400035

Description

This exceptional business opportunity encompasses a thriving, established granite and stone company in Cortez, Colorado. Operating for over two decades, this enterprise boasts the largest granite inventory in Southwest Colorado, offering a comprehensive range of products and services. The extensive inventory includes custom granite, marble, limestone, slate tiles, glass block, and hardwood flooring, along with expert installation services. The company's expertise covers the entire process, from fabrication to installation, for a variety of home features such as countertops, vanities, flooring, and fireplaces. The sale includes the real estate, a 4,000 square foot building featuring a spacious shop, showroom, and offices, situated on a 2.2-acre lot. The property's prime location just off Highway 491 ensures high visibility and significant drive-by traffic. The substantial inventory and equipment are valued at over $600,000, representing a significant asset for the buyer. This turnkey operation presents a unique opportunity for expansion and synergy with other home improvement businesses, offering considerable potential for growth and profitability. The existing infrastructure and established customer base provide a solid foundation for continued success.

• CAP approach

  CAP return

  Valuation

  6%

  $1,080,600

  6.5%

  $997,477

  7%

  $926,228

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,051,336

  Geo Method

  $832,810

• Alternative Use

  Use

  Valuation

  Residential

  $841,409

  Hospitality

  $770,726

  Educational

  $641,235

  Medical

  $663,288

  Retail

  $997,477

Location Insight

City

Cortez

County

Montezuma

State

Colorado

Latitude

37.36

Longitude

-108.592

Property Tax & Assessments

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