Mixed-Use Building with Tanning
For Sale
$289,000
1 West 1st Street Unit 7 W 1ST STREET, Cortez, CO 81321
Three-unit mixed-use property with a leased tanning salon and a newly completed roof (April 2025).
Property Size2,610 SF
Price / SF$110.73
Days on Market148
Property Features for 1 West 1st Street Unit 7 W 1ST STREET
General Information
Standard status
Active
Size
2,610 SF
Property subtype
Commercial / Multi-Use
Zoning
Business, Commercial, Office, Mixed Use
Taxes and HOA fees
Annual Taxes
$2,046
Amenities
0, 3, 0, 3.00
Other, Central A/C
Vinyl, Carpet, Laminate
Unfurnished
Crawl Space, Slab, Stone, Other
Heat Pump, Forced Air, Other
Natural Gas, Electric
Metal, Other
Chain Link, Other
Building Details
Year Built
1922
Listing Agency:
United Country Blue Sky Homes and Land
(970) 946-9409
Listed By:
Mindi Clark · License #FA100093856
Source:
Compass
Added: Mar 17
Changed: Aug 10
Last Checked: Aug 10 at 9:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Country Blue Sky Homes and Land
Investment Insights
Based on property information with market context.
This mixed-use property includes three units: a main building that is currently vacant and was last rented at $1,850 per month, and an attached studio; plus a tanning salon that is leased through July 2026 at $800 per month. The main building also has a new roof completed in April 2025.
Located in downtown Cortez, the property is about one block off Main Street.
The seller has secured historic designation for the 7 W. 1st Street building through the City of Cortez, which may provide tax breaks and incentives for renovations and improvements. The property is zoned Neighborhood Commercial and offers flexibility for professional, residential, or multifamily development, subject to buyer due diligence. Based on current and potential rents, the seller projects an attractive 11.0% cap rate.
Located in downtown Cortez, the property is about one block off Main Street.
The seller has secured historic designation for the 7 W. 1st Street building through the City of Cortez, which may provide tax breaks and incentives for renovations and improvements. The property is zoned Neighborhood Commercial and offers flexibility for professional, residential, or multifamily development, subject to buyer due diligence. Based on current and potential rents, the seller projects an attractive 11.0% cap rate.
Key Highlights
- Three‑unit mixed‑use property in downtown Cortez, one block off Main Street
- New roof completed April 2025 on the main building
- Main building: currently vacant; last rented for $1,850/month; includes an attached studio
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
931
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-unit mixed-use property with a leased tanning salon and a newly completed roof (April 2025).
Where is this mixed-use property located?
The property is located at 1 West 1st Street Unit 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‑unit mixed‑use property in downtown Cortez, one block off Main Street; New roof completed April 2025 on the main building; Main building: currently vacant; last rented for $1,850/month; includes an attached studio
