2415 Empire StCortez, CO 81321

  • Other commercial real estate
  • 2,848 SF
For Sale
$1,095,000 View listing

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
Other commercial real estate
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $769,387
    6.5%
    $710,203
    7%
    $659,474
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,460,552
    Geo Method
    $592,960
  • Alternative Use

    Use
    Valuation
    Residential
    $599,083
    Hospitality
    $548,757
    Educational
    $456,559
    Medical
    $472,261
    Retail
    $710,203
2415 Empire St, Cortez, Colorado

Location Insight

City
Cortez
County
Montezuma
State
Colorado
Latitude
37.3561
Longitude
-108.553

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,326
$13,021
$76,601
$89,622
-
$44,900
$264,141
$309,041

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].