628 W 5th Street , Cortez, CO 81321
Cortez, CO 81321
Description
Attention Investors! The ideal investment property is ready for you. This 7,500 sqft commercial building in Cortez Colorado has had only one tenant for the past 20+ yearsthe US Department of Agriculture! The Lease was recently extended for another 5 years, and will generate consistent cash flow for a new owner at an estimated 7 to 8% cap rate. The 2.29-acre lot has a convenient location and established landscaping. The owner is responsible for maintaining the landscape and building and paying property tax and all utilities. Don't miss out on this exceptional investment opportunity in Cortez, Colorado.
Details
| MLS# | 814612 |
|---|---|
| Listing Type | For Sale |
| Style | Office Building |
| Sub-Type | Resale |
| Status | Active |
| Year | 1995 |
| Days On Site | 117 |
| Listing Provided By | Regents Real Estate Group Inc. | Paul Beckler |
Features
| Bath(s) | 2 Total |
|---|---|
| SQ Feet | 7,500 |
| Story(s) | 1 |
| Units | 1 |
| Zoning | Commercial |
| Acreage | 2.29 |
Market Activity 81321
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Learn More About This Property
| State | CO |
|---|---|
| County | Montezuma |
| City | Cortez |
| Zip Code | 81321 |
| Area | Cortez |
| Community Name | Payson |
| Listing VS Median (in Payson) | |
Price: $1,195,000 low | high Med: $722,500 SqFt: 7,500 low | high Med: 4,564 $ / SqFt: $159 low | high Med: $156 On Site: 117 low | high Med: 207.000000 | |