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    310 Main St Cortez, CO 81321

    For Sale
    $550,000

    High-return investment opportunity in Cortez.

    Property size:
    6,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 6,500 square foot commercial building, situated on a 0.15-acre lot at 310 E Main Street in Cortez, Colorado, presents a compelling investment opportunity. Currently leased, the property offers a strong, consistent income stream. The existing lease, transferable to the buyer at closing, guarantees monthly rental income of $11,344.00 through the remainder of 2025, increasing to $11,684.31 per month starting January 16, 2026. The lease concludes on May 1, 2026, with the tenant responsible for all payments during the lease term. The building boasts a prime Main Street location, ideal for a variety of commercial uses. Significant upgrades have been implemented throughout the years, including a complete electrical and wiring overhaul in 2014, along with new plumbing and a new roof. The property also features convenient gravel parking at the rear. A fully equipped kitchen with appliances is included, adding to the versatility of the space. The asking price for this well-maintained, income-producing property is $550,000. This is a rare chance to acquire a valuable asset in a desirable location with a proven rental history. The rental agreement is available for review upon request.

    Property Features for 310 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,500 SF
    Lot Size
    6,534 SF

    Building Details

    Year Built
    1940
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mountain Annie's Cannabis ... Cannabis Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Cortez
    County
    Montezuma
    State
    Colorado
    Longitude
    -108.5808
    Latitude
    37.34896

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    FAQs

    What type of property is this?
    Commercial real estate - High-return investment opportunity in Cortez.
    Where is this commercial real estate located?
    The property is located at 310 Main St Cortez, CO.
    What is the asking price?
    The asking price for this property is $550,000.
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    310 Main St Cortez, CO 81321
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    Cortez, CO 81321
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    310 Main St Cortez, CO 81321
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