$1,350,000

24194 Road L

Cortez CO, 81321

Description

This commercial site has excellent frontage and exposure. Constructed of all of the highest quality construction methods and is heated and cooled with an extremely efficient Geo Thermal System. This 9600 SF is the first phase of a Montezuma County approved 3 phase commercial site. The building is virtually maintenance free and self sustaining. There is a mixture of office, residential, and warehouse spaces that include 7 separate leases that provide a monthly income of $6800. The Upper Level contains a beautiful 1,400 sf 2 bedroom, 2 bath apartment with in floor radiant heat and is air conditioned. This apartment is nicely appointed with stainless appliances, washer/dryer and a built in entertainment center with a sound system throughout the home. In a addition to the 1400sf apartment on the upper level there are 4 more 850sf 2 bedroom 1 bath apartments with forced air heat and air conditioning. The Lower Level is entirely heated and cooled utilizing the use of a ground source heat pump. This system heats and cools the upper level larger apartment plus the lower level 800sf office, 3,600sf shop plus a 400sf laundry room, bathroom and utility room. The Septic system is highly engineered and designed for the expansion of use when and if further apartments are added ( there are stubs for septic already in place in the shop area for 4 additional apartments).

Details

MLS#777585
Listing TypeFor Sale
StyleIQWeb_Mixed Use
Sub-TypeResale
StatusActive
Year2009
Days On Site51

Features

SQ Feet9,600
Story(s)2
Units7
ZoningCommercial

Market Activity 81321

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Area Information
StateCO
CountyMontezuma
CityCortez
Zip Code81321
AreaMontezuma County Rural NW
Listing VS Median (in 81321)
Price:
$1,350,000
low | high
Med:
$177,000
100% of Average
SqFt:
9,600
low | high
Med:
1,064
100% of Average
$ / SqFt:
$141
low | high
Med:
$166
31.704260651629% of Average
On Site:
51
low | high
Med:
246
20.731707317073% of Average
Sourced by Back At You
Listing Updated: March 5, 2021 8:07:35 PM PST
Scott Wallace LogoMLS Number: 777585
Listing Provided By:
Scott Wallace  of  4 Corners Properties Inc.

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