628 5th St Cortez, CO 81321-3458

Property Details for 628 5th St

Year built

1995

Lot size

2.29 lot acres

Property size

7,500 SF

Zone code

C

Property type

Office buildings

APN

561127400028

APU

561127400028

Description

This exceptional 7,500 square foot commercial office building presents a compelling investment opportunity in Cortez, Colorado. Situated on a spacious 2.29-acre lot, the property boasts a prime location and mature landscaping, maintained by the current owner. The building has enjoyed a single, long-term tenant—the United States Department of Agriculture—for over two decades. A recently executed five-year lease extension ensures consistent cash flow for the new owner, projecting a strong 7-8% capitalization rate. This translates to a reliable and predictable income stream. The property's substantial size and established tenant history make it an attractive proposition for investors seeking a stable, high-return asset. All utilities and property taxes are the responsibility of the current owner, minimizing operational burdens for the new owner. The convenient location and well-maintained grounds further enhance the property's appeal. This is a rare opportunity to acquire a turnkey commercial property with a proven track record of success and significant future potential in the thriving Cortez market. The building's size and the long-term lease provide a secure investment for years to come. Don't miss this chance to secure a valuable addition to your investment portfolio.

Location Insight

City

Cortez

County

Montezuma

State

Colorado

Longitude

-108.595

Latitude

37.3439

Property Tax & Assessments