2415 Empire StCortez, CO 81321

Property Details for 2415 Empire St

Year built

2001

Lot size

0.58 AC

Property size (Sq ft)

2,848 SF

Zone code

C

Property type

Showrooms

APN

560930215008

APU

560930215008

Description

This exceptional Cortez commercial property offers a lucrative business opportunity, encompassing a main building and a separate warehouse. The main 3,000 square foot building, constructed in 2000, features a showroom, office space, kitchenette, and a wheelchair-accessible bathroom. A large warehouse boasts two 10' x 10' garage doors with openers, a standing seam metal roof, four skylights, in-floor radiant hot water heat, 3-phase wiring, fiber optic high-speed internet, a security system, and two swamp coolers. The separate 2,000 square foot warehouse building also features a standing seam metal roof, six skylights, an 18' ceiling, two 10' x 14' garage doors with openers, 3-phase wiring, two hanging Reznor heaters, one swamp cooler, and a recycled water system. The property includes approximately 5,000 square feet of blacktop, drought-tolerant landscaping, and sits amongst other well-maintained commercial properties. Included in the sale are a Yale forklift, a 2019 Chevy 2500 with utility box, a 2005 Ford F350 with utility box, a Matrix Gentry Granite Saw, a Blue Ripper Saw, a 3 Horse Router, a Big Dog Hydraulic Stone Chiseler, tile saws, and miscellaneous tile and stone fabrication tools. The property sits on a 0.58-acre lot and is fully fenced. This turnkey operation presents a rare opportunity to acquire a thriving business with all equipment and real estate included.

• CAP approach

  CAP return

  Valuation

  6%

  $594,466

  6.5%

  $548,738

  7%

  $509,543

• Comparable approach

  Method

  Valuation

  Relative Method

  $602,767

  Geo Method

  $244,714

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,065,210

  Mixed-Use / Specialty

  $548,755

  Hospitality / Lodging

  $405,172

  Office

  $547,549

  Institutional / Educational

  $571,189

  Residential Income

  $668,291

  Multifamily

  $790,576

  Automotive / Energy

  $489,590

  Parking / Income-Based Land

  $167,003

  Restaurant / Food Service

  $289,621

  Healthcare / Senior Housing

  $560,715

Location Insight

City

Cortez

County

Montezuma

State

Colorado

Latitude

37.3561

Longitude

-108.553

Property Tax & Assessments

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