Building Details

Year Built 1922

Year Renovated 2026

Buildings 2

Tenancy Multi

Listing Agency: United Country Blue Sky Homes and Land s***@gmail.com Show Phone

Listed By: Mindi Clark O · License #FA100093856

Source: Mountainmeadowrealestate

Added: May 15 Changed: Aug 30 Last Checked: Aug 30 at 12:24AM

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Investment Insights

Based on property information with market context.

This mixed-use property comprises three units distributed between two buildings, including a main building, an attached studio, and a tanning salon. The main building is vacant and was previously leased, while the studio and salon remain leased through March 2027 and July 2027, respectively. The property totals 2,610 square feet and was built in 1922. A new roof was completed on the main building in April 2025, and both buildings received exterior paint in June 2026.

Located in downtown Cortez, the property sits one block from Main Street at 1 W. 1st Street and 7 W. 1st Street. The 7 W. 1st Street building carries a City of Cortez historic designation. Neighborhood Commercial zoning allows professional, residential, or multifamily use, subject to buyer due diligence. The fully occupied pro forma cap rate is 11.0%+.

Key Highlights

• Three units across two buildings; total property size is 2,610 square feet
• Main building is vacant; attached studio and tanning salon are leased through March 2027 and July 2027
• Neighborhood Commercial zoning supports professional, residential, or multifamily use, subject to buyer due diligence

Property Analytics

Property Profile

Current Use

Bethany Demarco Alternative Medicine Practice Cortez Family Acupuncture: ... Medical Clinic

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store HVAC Service (Bike/Boat/Book/etc) Store Pet Grooming Service Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

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

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Three-unit commercial property across two buildings with one vacant space and two leased units in a flexible neighborhood-commercial setting.

Where is this mixed-use property located?

The property is located at 1 W 1st St 7 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; total property size is 2,610 square feet; Main building is vacant; attached studio and tanning salon are leased through March 2027 and July 2027; Neighborhood Commercial zoning supports professional, residential, or multifamily use, subject to buyer due diligence