Updated about 2 months ago on .
1031 Exchange Opportunity — Strong Cash Flow,11% Cap. $10K Credit. Downtown Cortez CO
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🏢 1 W. 1st Street, Cortez, Colorado — Commercial Opportunity in Downtown CortezSeller offering a $10,000 concession toward closing costs with a full-price offer!
This prime commercial property in downtown Cortez sits just one block off Main Street and offers a strong investment opportunity with flexible zoning and valuable historic designation benefits.
The property features three units:
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Main building — currently vacant, last rented for $1,850/month, includes an attached studio
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Tanning salon tenant — leased through July 2026 at $800/month
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Attached studio included with the main building rental
Recent improvements include a new roof (April 2025), and the seller has secured historic designation through the City of Cortez, unlocking tax credits and incentives for renovation or redevelopment.
Zoned Neighborhood Commercial, the property allows for a range of uses including professional offices, residential conversion, or potential multifamily (buyer to verify). With current and projected rents, the property offers an attractive ~11% cap rate, making it an excellent option for investors seeking cash flow, redevelopment potential, and tax-advantaged renovation opportunities.
Call for more information!
Mindi Clark 970-769-0072
1031 Exchange Opportunity — Strong Cash Flow,11% Cap. $10K Credit. Downtown Cortez CO