Chestnut St Cortez, CO 81321
- Land
- 0.59 lot acres
Current Use by Public Records
- Land
Property Details for 0 Chestnut St
- Lot size
- 0.59 lot acres
- Property type
- Land
Description
This exceptional 0.59-acre lot, located at TBD N Chestnut Street in Cortez, Colorado (zip code 81321), presents a remarkable opportunity for multifamily development. The property, identified by APN 561126205004, is conveniently situated in the heart of Cortez, offering easy access to local amenities and services. Recently rezoned for residential multi-family use, this large, flat lot eliminates many of the challenges associated with site preparation, significantly reducing development time and costs. The asking price is $75,000, translating to a price per square foot of $2.92. This represents a compelling investment opportunity given the property's prime location and the high demand for multifamily housing in the Cortez area. The permitted zoning allows for the construction of multifamily residential buildings, making this an ideal site for apartments, townhouses, or other multi-unit residential developments. Buyers are encouraged to conduct their own due diligence to verify all information and confirm suitability for their intended development plans. This is a rare chance to acquire a ready-to-develop parcel in a thriving Colorado community. Don't miss this chance to capitalize on the growing Cortez real estate market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cortez
- County
- Montezuma
- State
- Colorado
- Longitude
- -108.587
- Latitude
- 37.3539
