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628 W 5th Street Cortez, CO 81321
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Key Details
Sold Price $800,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 7,500 sqft
Price per Sqft $106
Subdivision Payson
MLS Listing ID 830090
Sold Date 11/26/25
Three Quarter Bath 2
Year Built 1995
Annual Tax Amount $11,250
Tax Year 2024
Lot Size 2.290 Acres
Acres 2.29
Property Sub-Type Office
Property 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.
Location
State CO
County Montezuma
Interior
Heating Forced Air
Cooling Central A/C
Flooring Carpet, Tile
Furnishings Unfurnished
Exterior
Parking Features Paved, Off Street, 20 + Total Spaces
Utilities Available Electric, Natural Gas, Sanitary Sewer, Water
Roof Type Membrane
Building
Story 1
Sewer Public Sewer Installed
Water Public
New Construction No
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