$172.67 Per Sq Foot $6,952 est/mo Sourced by Back At You

628 W 5th Street,Cortez, CO 81321

Cortez CO, 81321

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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 TypeFor Sale
StyleOffice Building
Sub-TypeResale
StatusActive
Year1995
Days On Site43
Listing Provided ByRegents Real Estate Group Inc. | Paul Beckler

Features

Bath(s) 2 Total
SQ Feet7,500
Story(s)1
Units1
ZoningCommercial
Acreage2.29

Market Activity 81321

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Listings Checked: 4 minutes ago
StateCO
CountyMontezuma
CityCortez
Zip Code81321
AreaCortez
Community NamePayson
Listing VS Median (in Payson)
Price:
$1,295,000
low | high
Med:
$797,000
88.455598455598% of Average
SqFt:
7,500
low | high
Med:
4,564
89.153333333333% of Average
$ / SqFt:
$173
low | high
Med:
$178
46.783643771966% of Average
On Site:
43
low | high
Med:
133.000000
32.330827067669% of Average
Sourced by Back At You
Listing Updated: June 13, 2024 at 1:52:06 AM PDT
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