3-Unit Retail
For Sale
$289,000
1 W 1st Street, Cortez, CO 81321
COMMERCIAL, Cortez, CO
Property Size2,610 SF
Lot Size0.16 Acres
Price / SF$110.73
Days on Market76
Property Features for 1 W 1st Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Directions
Located 1 block south of Main Street on the corner of Market Street and 1st Street- 2 buildings: 1 W. 1st and 7 W. 1st.
Standard status
Active
Size
2,610 SF
Lot size
0.16 Acres
Building Details
Year built
1922
Listing Agency:
United Country Blue Sky Homes and Land · United Real Estate
(970) 516-1759
Listed By:
Mindi Clark · License #FA100093856
(970) 769-0072
Added: Jun 25
Changed: Aug 19
Last Checked: Sep 8 at 11:06PM
MLS# 836302
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Investment Insights
Based on property information with market context.
This retail property comprises two buildings with three units and 2,610 square feet of total space. The main building is vacant, while an attached studio and a tanning salon are leased through March 2027 and July 2027, respectively. A replacement roof was completed on the main building in April 2025, and both buildings received exterior paint in June 2026.
The property is located in downtown Cortez, one block from Main Street, and is zoned Neighborhood Commercial. The 7 W. 1st Street building has a City of Cortez historic designation associated with tax incentives and renovation benefits. The zoning supports professional, residential, or multifamily use subject to buyer due diligence. The property was built in 1922 and has a pro forma cap rate of 11.0%+ when fully occupied.
The property is located in downtown Cortez, one block from Main Street, and is zoned Neighborhood Commercial. The 7 W. 1st Street building has a City of Cortez historic designation associated with tax incentives and renovation benefits. The zoning supports professional, residential, or multifamily use subject to buyer due diligence. The property was built in 1922 and has a pro forma cap rate of 11.0%+ when fully occupied.
Key Highlights
- Three units across two buildings totaling 2,610 square feet
- Main building is vacant; attached studio and tanning salon are leased
- Pro forma cap rate of 11.0%+ at full occupancy
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
931
Businesses Nearby
59k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 49%
Dining 36%
Shops & Services 10%
Hotels & Casinos 5%
City Market
Groceries
28,732 visits/mo
0.5 miles
Wendy's
Dining
11,075 visits/mo
0.2 miles
Burger King
Dining
10,129 visits/mo
0.4 miles
Conoco
Shops & Services
4,216 visits/mo
0.2 miles
Best Western Turquoise Inn & Suites
Hotels & Casinos
2,510 visits/mo
0.5 miles
Demographics for 81321, CO
14,402
Population
6,332
Households
2.3
Avg Household Size
43
Median Age
28%
College-Educated
90%
High-School Grad
419.6 sq mi
ZIP Area
34
Density / Sq Mi
$59,737
Median Household Income
$35,274
Median Earnings
$1,010
Median Rent
$259,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two buildings offer three units, with two leased spaces and a vacant main unit for repositioning.
Where is this retail space located?
The property is located at 1 W 1st Street Cortez, CO.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Three units across two buildings totaling 2,610 square feet; Main building is vacant; attached studio and tanning salon are leased; Pro forma cap rate of 11.0%+ at full occupancy
