30 Market StCortez, CO 81321

Property Details for 30 Market St

Year built

1928

Lot size

0.17 AC

Property size (Sq ft)

1,626 SF

Zone code

CBD

Property type

Retail properties

Property subtype

Retail space

APN

561126246014

APU

561126246014

Description

This exceptional 2,586-square-foot business opportunity in Cortez, CO, presents a rare chance to acquire a thriving, established flower shop. Located at 30 N MARKET STREET, this beautiful 1928 building boasts prime downtown location, directly off Main Street, offering high visibility and foot traffic. The main building, spanning 1,626 square feet, features attractive bay windows, two swamp coolers, baseboard hot water heat, and a blend of rock and wood siding. Two walk-in coolers are included, along with a partial wood privacy fence. The sale includes all fixtures and a current inventory list provided before closing. The seller will provide comprehensive training to the new owner, covering ordering supplies, flower arrangement techniques, delivery methods, and valuable business strategies. Adding to the property's value is a 960-square-foot warehouse situated at the rear, featuring a propanel roof and cinder block walls, ideal for storage. The property sits on a 0.17-acre lot and offers ample parking in the rear and on the street, with convenient access from two alleys. This turnkey operation presents a unique opportunity to own a piece of Cortez history and a successful, established business. The asking price of $735,000 includes the business and all assets.

• CAP approach

  CAP return

  Valuation

  6%

  $439,264

  6.5%

  $405,474

  7%

  $376,512

• Comparable approach

  Method

  Valuation

  Relative Method

  $833,868

  Geo Method

  $338,537

• Alternative Use

  Use

  Valuation

  Residential

  $342,033

  Hospitality

  $313,300

  Educational

  $260,662

  Medical

  $269,627

  Retail

  $405,474

Location Insight

City

Cortez

County

Montezuma

State

Colorado

Latitude

37.3493

Longitude

-108.585

Property Tax & Assessments

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