215 Linden St Ste A Cortez, CO 81321-2700
This exceptional 5,738 square foot office building at 215 N Linden in Cortez, CO, presents a compelling investment opportunity. Situated on a 0.26-acre lot, the property boasts a strong rental history with all suites currently leased, generating consistent annual income. The building features six suites, each with its own unique layout and amenities. Suite A, remodeled two years ago, includes a reception area, two private offices, two bathrooms, and storage. Suite B offers five separate offices, a kitchenette, and three bathrooms. Suite C, currently used as a church, comprises a large kitchenette/gathering area, a worship room, and two bathrooms. Suite D contains a reception area, two offices, and one bathroom. The lower level houses two additional suites (E1 and E2), accessed from the rear parking lot. Suite E1 features a large office divided into two sections, a kitchenette, and a bathroom. Suite E2 includes a reception area and a large office/storage area, plus a connected 670 square foot storage room. All suites are equipped with individual water heaters and cooling systems, and updated flooring. Convenient on-street and off-street parking is available. The property is attractively landscaped and features a welcoming wood sign. Located in the vibrant town of Cortez, nestled between Durango and Telluride, and near recreational attractions like Mesa Verde National Park and McPhee Reservoir, this property offers both strong financial returns and a desirable location. This is a turnkey investment ready for a new owner.
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Integrated Internal Medicine and Sleep Clinic Medical Clinic
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Rachel D Muhonen PC Law Firm
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Ecosphere Environmental Services Environmental Consultant
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Haven Home Health [Colorado] Home Health Care Service
C General Commercial District NB Neighborhood Business District I Industrial O Open District PUD Planned Unit Development Section 3.03 Residential Zone Districts Cortez Land Use Code Update Chapter 3 | Page 3-3 Cortez Land Use Code thereof. Where uncertainty exists as to the boundaries of districts as shown on the Official Zoning Maps, the following rules sh…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C · Cortez, COC General Commercial District NB Neighborhood Business District I Industrial O Open District PUD Planned Unit Development Section 3.03 Residential Zone Districts Cortez Land Use Code Update Chapter 3 | Page 3-3 Cortez Land Use Code thereof. Where uncertainty exists as to the boundaries of districts as shown on the Official Zoning Maps, the following rules shall apply: 1. Boundaries indicated, as approximately following streets, highways or alleys shall be construed to follow the centerline of such street, highway or alley. 2. Boundaries indicated, as approximately following platted lot lines shall be construed as following such lines. 3. Boundaries indicated, as approximately following City limits shall be construed as following City limits. 4. Boundaries indicated as approximately following the centerline of irrigation ditches or drainage ways shall be construed to follow such centerline. 5. Boundaries indicated as parallel to or extensions of features indicated in this Subsection shall be so construed. Distances not specifically indicated on the original zoning map shall be determined from the graphic scale on the map. 6. Whenever any street, alley, or other public way is vacated by official action of the City Council, the zoning district line adjoining each side of such street, alley or other public way shall be automatically extended to the centerline of such vacated street, alley or way, and all area so involved shall then and henceforth be subject to all regulations of the extended districts. 3.02.3 Zoning of Annexed Territory. A. All territory hereafter annexed to the City shall apply for the appropriate Zone District at the time of annexation per the procedure established by this Code for Zoning Amendments. B. All City approvals, such as a site development plan or building permit, must be obtained before construction. 3.03 Residential Zone Districts 3.03.1 Purpose. A. Residential Zone Districts. In order to secure for the persons who reside there a comfortable, healthy, safe, walkable and pleasant environment in which to live, sheltered from incompatible and disruptive activities and to encourage a diversity of housing options, the following residential districts are established. B. Zone Districts 1. Residential Estate District (RE) - Legacy Zone District 2. Residential Single-Family District (R-1) 3. Residential Multi-Family District (R-2)
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
