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628 W 5th Street

Cortez, CO 81321
  • $1,295,000
  • STATUS: Active
  • ON SITE: 31 Days
  • MLS #: 814612
UPDATED: 74 min ago
$1,295,000
  • 0
    BEDS
  • 2.29
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 7,500
    SQFT
  • $173
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1995
County:
Area:

School Ratings & Info

Listing courtesy of Regents Real Estate Group Inc.: 970-529-7001.


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.

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[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Destination DRO Real Estate Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2024-07-12T21:56:59.06.
www.destinationdro.com/homes/151525075
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628 W 5th Street Cortez, CO 81321

  • Price: $1,295,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 74 min ago
  • MLS #: 814612
0
Beds
2
Baths
0
½ Baths
2.29
Acres
7,500
SQFT
$173
$/SQFT
1995
Built
Neighborhood:
Payson
County:
Montezuma
Area:
Cortez
Property 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.
Exterior Features

Carport No Lot Dimension apprx 225x400 Parking PavedOff Street20 + Total Spaces Property Description LandscapedSprinklers Roof Membrane Sewer Public Sewer Installed Stories 1 Water Public Water Well No Waterfront YN No

Interior Features

Cooling Type Central A/C Finished Sq Ft 7500 Flooring CarpetTile Heating Fuel Source Natural Gas Heating System Forced Air Lighting Fluorescent Office Sq Ft 7500 One Quarter Baths 0 Total Offices 0

Property Features

Books Available No Cam No Cap Rate Percent 7.7 Covenants NO Current Business USDA/Farm Service Center Current Use General OfficeOffice Warehouse Exchange Trade No Existing Utilities ElectricNatural GasSanitary SewerWater Fixtures Included No Gross Annual Expenses 73000 Gross Scheduled Income 173000 Inventory Included No Landlord Pays Building InsuranceElectricExt Maintenance (Bldg)GasJanitorialReal Estate TaxesSewer/WaterSite Maintenance (Prop)Snow Removal Lease Included Yes New Construction YN No Owners Association No Possible Property Use General OfficeMixed-UseOtherSpecial Use Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2024 Total Taxes 11250 Type Office Vacancy Factor Prcnt 0 Variable Rate No Water Rights No Zoning Type Commercial

[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Destination DRO Real Estate Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2024-07-12T21:56:59.06.
 
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Destination DRO Real Estate Group
1163 E 2nd Ave
Durango CO, 81301-5155
Listing courtesy of Regents Real Estate Group Inc.: 970-529-7001.