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Property profile & analytics

332 Main St Cortez, CO 81321-3238

  • Bars
  • 1,358 SF
  • 0.15 lot acres
OFF-MARKET
Value Estimation
$280,000
Location Intelligence
Property ID
US13-1860614
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Hong Kong Chinese restaurant / Chinese Restaurant
  • La Casita de Cortez / Restaurant / Mexican Restaurant
  • Hong Kong / Chinese Restaurant / Asian Restaurant

Property Details for 332 Main St

Year built
1925
Lot size
0.15 lot acres
Property size
1,358 SF
Zone code
CBD
Property type
Bars
Property subtype
Pubs
APN
561126125008
APU
561126125008

Description

This exceptional turnkey restaurant opportunity in Cortez, Colorado, presents a rare chance to own a thriving business. Located at 332 & 336 E Main Street, this property boasts a prime location on a bustling street, attracting both local residents and tourists visiting nearby attractions like Mesa Verde National Park and the Four Corners Monument. The restaurant, known as La Casita De Cortez, is fully equipped with a brand-new range hood, refrigerators, warming tables, and all necessary kitchen equipment, ensuring immediate operational readiness. All furnishings, including tables, chairs, and decor, are included, contributing to the inviting atmosphere. The property encompasses two commercial city lots, providing ample parking and potential for future expansion. A significant advantage is the inclusion of a transferable liquor license, allowing for a full-service dining and beverage experience. Furthermore, the property features an attractive outdoor patio, ideal for al fresco dining, special events, or simply enjoying the pleasant Colorado weather. With its high visibility, established clientele, and complete operational setup, this restaurant presents a compelling investment for both seasoned restaurateurs and aspiring entrepreneurs seeking a ready-to-go business in a desirable location. The property includes 1,358 square feet on a 0.3-acre lot. The asking price is $499,000.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $260,000
  • CAP approach

    CAP return
    Estimation
    6%
    $330,000
    6.5%
    $350,000
    7%
    $290,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $290,000
    Geo Method
    $360,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $365,000
    Retail
    $290,000
    Mixed-Use
    $360,000
    Hospitality
    $315,000
    Educational
    $365,000
    Residential Income
    $270,000
    Energy
    $320,000
    Income-Based Land
    $310,000
    Food Service
    $270,000

Location Insight

  • Map
  • Local Demand
City
Cortez
County
Montezuma
State
Colorado
Longitude
-108.58
Latitude
37.349

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,700
$23,686
$16,818
$40,504
-
$81,675
$57,993
$139,668
More about this property
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