1 W 1st Street, Cortez, CO 81321

Building Details

Year built

1922

Listing agent Mindi Clark Show Phone

Listing office United Country Blue Sky Homes and Land r***@gmail.com Cortez, CO Show Phone

Listing date Jun 22, 2026

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MLS# 836302

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Overview

This downtown retail property consists of three units across two buildings totaling about 2,610 square feet. The main building is currently vacant and was last leased for $1,850 per month (including the studio). An attached studio is leased through March 2027 for $700 per month, and a tanning salon is leased through July 2027 for $850 per month. Recent improvements include a new roof completed April 2025 on the main building and fresh exterior paint on both buildings completed as of June 2026.

The asset is located in Cortez, one block off Main Street. One of the buildings (7 W. 1st Street) carries a City of Cortez historic designation. The property is zoned Neighborhood Commercial, with flexibility for professional, residential, or multifamily use, subject to buyer due diligence.

For an owner-operator or investor, the combination of two in-place leases and a currently vacant main unit supports straightforward leasing plans. The historic designation may provide access to tax incentive and renovation benefits, while the Neighborhood Commercial zoning allows broader tenant and end-user considerations. Buyers should confirm allowed uses and any applicable requirements during due diligence.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Cortez

County

Montezuma

State

Colorado

Longitude

-108.585441

Latitude

37.347406

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FAQs

What type of property is this?

Retail space - Three-unit retail complex with one vacant space, updated roof and paint, and historic designation with Neighborhood Commercial zoning flexibility.

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 downtown Cortez buildings (one block off Main Street) built in 1922; Pro forma fully occupied cap rate of 11.0%+; main building currently vacant (last leased at $1,850/month); Attached studio leased through March 2027 at $700/month and tanning salon leased through July 2027 at $850/month