2415 Empire StCortez, CO 81321
- Other commercial real estate
- 2,848 SF
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
Location Insight
- City
- Cortez
- County
- Montezuma
- State
- Colorado
- Latitude
- 37.3561
- Longitude
- -108.553
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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