24 Washington StCortez, CO 81321

Property Details for 24 Washington St

Year built

1958

Lot size

0.16 AC

Property size (Sq ft)

1,764 SF

Zone code

CBD

Property type

Outlet malls

APN

561126403005

APU

561126403005

Description

This exceptional 1764-square-foot industrial building presents a unique opportunity in the heart of Cortez, Colorado. Situated on a 0.16-acre lot at 24 S WASHINGTON Street, this property boasts a rich history, having served as the home of Beaber Printing for decades, followed by Cortez Copy and Print. The building's past use as a printing business ensures upgraded electrical systems, capable of handling significant power demands. The layout includes two half-bathrooms, a convenient loading dock at the rear for efficient loading and unloading, and ample parking both in front and behind the building. Inside, you'll find a built-in safe, a valuable feature for secure storage. The property's central location and substantial size make it ideal for a variety of businesses seeking a well-equipped space with a strong legacy. The building is ready for its next chapter, offering a blend of historical charm and modern functionality. This is a rare opportunity to acquire a well-maintained industrial property in a desirable Cortez location. The asking price is $189,900.

• CAP approach

  CAP return

  Valuation

  6%

  $368,202

  6.5%

  $339,879

  7%

  $315,602

• Comparable approach

  Method

  Valuation

  Relative Method

  $373,343

  Geo Method

  $151,571

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $659,773

  Mixed-Use / Specialty

  $339,889

  Hospitality / Lodging

  $250,956

  Office

  $339,142

  Institutional / Educational

  $353,784

  Residential Income

  $413,927

  Multifamily

  $489,669

  Automotive / Energy

  $303,243

  Parking / Income-Based Land

  $103,438

  Restaurant / Food Service

  $179,386

  Healthcare / Senior Housing

  $347,297

Location Insight

City

Cortez

County

Montezuma

State

Colorado

Latitude

37.3481

Longitude

-108.581

Property Tax & Assessments

FAQs

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