All Forum Posts by: Allison Klein
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Post: Perfect SW Colorado Investment Opportunity– Income-Producing + $10K Seller Credit
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Discover this prime downtown Cortez, Co property offering steady income, redevelopment potential, and a $10,000 seller concession with a full-price offer!
📍 New Investment Opportunity – 1 W. 1st Street, Cortez, CO
💰 Seller offering $10,000 concession toward closing costs with full-price offer
Property Highlights:
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Location: One block off Main Street in downtown Cortez
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Units: 3 total
• Main building (vacant, last rented $1,850/mo, includes attached studio)
• Tanning salon tenant ($800/mo lease through July 2026) -
New roof completed April 2025
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Historic designation secured – tax breaks + incentives available for renovations
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Cap Rate: 11.0% (based on current and potential rents)
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Zoning: Neighborhood Commercial (flexibility for office, mixed-use, or redevelopment – buyer to verify)
📈 Why Investors Will Like It:
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Existing rental income with upside in leasing main space
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Tax-advantaged renovation potential
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Strong downtown location with redevelopment flexibility
📞 Message me for financials, lease details, or to schedule a showing.
MLS information