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628 W 5th Street
628 W 5th Street
628 W 5th Street
628 W 5th Street
628 W 5th Street
628 W 5th Street
628 W 5th Street
628 W 5th Street
628 W 5th Street
628 W 5th Street
628 W 5th Street
628 W 5th Street
628 W 5th Street
628 W 5th Street
628 W 5th Street
628 W 5th Street
628 W 5th Street
628 W 5th Street
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Listed by with Regents Real Estate Group Inc. 970-759-4065
$700,000

628 W 5th Street

2 Baths 7,500 Sq.Ft. 2.29 Acres

Description

Attention Investors! The ideal investment property is ready for you. This 7,500 sqft commercial building in Cortez Colorado has had only one tenant for the past 20+ years...the US Department of Agriculture! The Lease was extended last year for another 5 year term, and will generate consistent cash flow for a new owner at an estimated 9-10% cap rate. The 2.29-acre lot has a convenient location and established landscaping. The owner is responsible for maintaining the landscape and building and paying property tax and all utilities. Don't miss out on this exceptional investment opportunity in Cortez, Colorado.

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Location

628 W 5th Street, Cortez, CO 81321

Status

Sold
Paul Beckler

Paul Beckler

TITLE

Associate Broker

Vernon Hoffman

Vernon Hoffman

TITLE

Associate Broker

Property Amenities

Interior
Flooring Carpet, Tile
Three-Quarter Bathrooms: 2
Area & Lot
Total area 7,500 Sq.Ft.
Lot Area 2.29 Acres
Living area 7,500 Sq.Ft.
MLS® ID 830090
Year Built 1995
Type Commercial
Status Sold
Exterior
Stories 1
Air conditioning Central Air
Heat type Forced Air, Natural Gas
Water Source Public
Sewer Connected, Public Sewer
Other Exterior Features Sprinkler/Irrigation
Parking Off Street, Paved, Parking Space(s)
Lot Features Landscaped, Sprinkler System
Roof Membrane
Utilities Electricity Connected, Natural Gas Available, Sewer Available, Water Available
Finance
Sales Price $700,000
Real Estate Tax $11,250 yearly

Cortez

Offering a mix of activities, attractions, and a welcoming community.

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Whether buying, selling, or investing in Cortez, Paul Adams provides personalized support, market insights, and a hands-on approach to ensure your real estate goals are achieved.