Three-Unit Retail Space in Two
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 Market44
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 4
Last Checked: Aug 7 at 5:06AM
MLS# 836302
Copyright © 2026 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-unit retail space is set up across two buildings and totals 2,610 square feet. The main building is currently vacant, and the property includes two attached income-producing spaces leased through March 2027 and July 2027, respectively. The property is zoned Neighborhood Commercial, offering flexibility for professional, residential, or multifamily use subject to buyer due diligence.
Built in 1922, the 1 W 1st Street property also carries a City of Cortez historic designation. Recent exterior improvements include a new roof on the main building completed in April 2025 and fresh exterior paint on both buildings completed in June 2026.
The current setup provides steady income with an immediate value-add opportunity in the vacant unit, supported by the historic designation and the on-site configuration of three units within two buildings.
Built in 1922, the 1 W 1st Street property also carries a City of Cortez historic designation. Recent exterior improvements include a new roof on the main building completed in April 2025 and fresh exterior paint on both buildings completed in June 2026.
The current setup provides steady income with an immediate value-add opportunity in the vacant unit, supported by the historic designation and the on-site configuration of three units within two buildings.
Key Highlights
- Three units across two buildings
- 2,610 square feet total building area
- 0.16‑acre lot
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space on a 0.16-acre lot with Neighborhood Commercial zoning, three units across two buildings, and a 11.0%+ pro forma cap rate.
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; 2,610 square feet total building area; 0.16‑acre lot
