628 5Th StCortez, CO 81321

For Sale
$1,195,000

Established Office Building with Long-Term Lease

Overview

Added:
Feb 3
Days on market:
38
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.

Property Details for 628 5Th St

Property type
Office properties, Other office properties
Square Feet
7,500 SF
Year Built
1995
Lot Size (sq. ft)
99,752 SF

Location Insight

City
Cortez
County
Montezuma
State
Colorado
Latitude
37.34385
Longitude
-108.5953
628 5Th St, Cortez, Colorado

FAQs

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628 5Th St
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