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Property profile & analytics
OFF-MARKET
Mixed-use properties

236 North St Cortez, CO 81321

4,600 SF 0.24 ac lot Built 1959
Property ID
Property summary
AI-generated overview

This iconic Cortez, CO building, constructed in 1959, offers 4,600 square feet on a 0.24-acre lot. Currently housing two businesses, its adaptable layout allows for easy conversion into four separate units, each with private front and rear entrances and a half-bath. The property's unique design and flexible zoning present significant investment opportunities. Located at 236 W NORTH Street, the building boasts a rich history, having served various businesses, including dental and legal practices. Its Neighborhood Business zoning permits a wide range of uses, including single or multi-family residential, in addition to numerous business types. The building is eligible for Historic Property Designation, adding potential tax benefits and preserving its unique character. This versatile property is ideal for both owner-occupants seeking office space and investors looking for a high-return opportunity in a thriving Cortez location. The asking price is $525,000. This is a rare chance to acquire a piece of Cortez history with significant upside potential. The property's flexible layout and zoning provide a multitude of options for future development and use.

Property profile
Verified
Property type Mixed-use properties
Year built 1959
Total area 4,600 SF
Lot 0.24 ac (10,454 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mon-Do Title Co Title Company
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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