Mixed-Use Building with Tanning
1 West 1st Street Unit 7 W 1ST STREET Cortez, CO 81321
For Sale
$289,000
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 Market496
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
Building Details
- Year Built
- 1922
Listing Agency:
United Country Blue Sky Homes and Land
(970) 769-0072
Listed By:
Mindi Clark · License #FA100093856
(970) 769-0072
Source:
Compass
Added: Mar 17, 2025
Changed: Jul 23
Last Checked: Jul 24 at 3:15PM
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
Location Intelligence
Current Use by Public Records
Bethany Demarco
Alternative Medicine Practice
Cortez Family Acupuncture: ...
Medical Clinic
FAQs
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
