Prime Downtown Cortez Commercial Property – 1 W 1st Street

💰 $10,000 seller concession with full-price offer!

Here’s your chance to own a versatile investment property just one block off Main Street:

• Three units:

  • Main building (vacant, last rented $1,850/mo, includes attached studio)

  • Tanning salon leased through July 2026 at $800/mo

• New roof (April 2025)

• Historic designation through City of Cortez – potential tax breaks for renovations

• Zoned Neighborhood Commercial – flexible for professional, residential, or multifamily use

• Attractive 11.0% cap rate based on current & potential rents

• Great location: walkable to shops, restaurants, and amenities

📍 Investors: don’t miss this opportunity for steady income, redevelopment potential, and tax-advantaged improvements!