318 E Main St Cortez, CO 81321
Estimated payment $2,098/month
Total Views
10,644
2
Beds
0.5
Bath
1,148
Sq Ft
$292
Price per Sq Ft
About This Home
**Prime Investment Opportunity with Residential or Mixed-Use Potential in the Heart of Cortez, Colorado!** Unlock the potential of this fully renovated property on Main Street, offering a versatile setup with the possibility two studios upstairs and two studios downstairs. Formerly housing four apartments, this property is primed for residential, mixed-use, or a combination of both. Envision retaining the charm of the coffee shop below while transforming the upstairs into income-generating Airbnb units—or fully convert the property into a residential haven. The property has undergone extensive upgrades, including new electrical, plumbing, drywall, flooring, fresh paint, a modernized bathroom, updated doors, and enhanced lighting. It also has 2 sewer taps. These thoughtful renovations create a turnkey investment with endless possibilities. With ample parking, including ten spaces in the rear and additional spots out front, the property ensures convenience for residents, tenants, and customers alike. Its prime Main Street location guarantees high visibility and traffic, making it ideal for mixed-use purposes or as a residential rental property. Whether you choose to maintain the coffeehouse, lease the studios for long-term tenants, or capitalize on short-term rental opportunities, this property offers the flexibility to align with your vision. The combination of location, upgrades, and versatile layout makes this an exceptional investment opportunity. Schedule a viewing today to explore how you can transform this space into a thriving residential or mixed-use development and secure your place in Cortez’s vibrant Main Street scene!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,886
Year Built
- Built in 1933
Lot Details
- 6,534 Sq Ft Lot
- Property is zoned Mixed-Use
Home Design
- Concrete Foundation
- Metal Roof
- Wood Siding
- Stick Built Home
Interior Spaces
- 1,148 Sq Ft Home
- 2-Story Property
- Tile Flooring
- Unfinished Basement
Bedrooms and Bathrooms
- 2 Bedrooms
- 0.5 Bathroom
Schools
- Manaugh K-5 Elementary School
- Cortez 6-8 Middle School
- Montezuma-Cortez 9-12 High School
Utilities
- Heating System Uses Natural Gas
- Internet Available
Community Details
- F R Coffins Addition Subdivision
Listing and Financial Details
- Assessor Parcel Number 561126125006
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,171 | $53,994 | $23,212 | $30,782 |
| 2023 | $3,171 | $62,694 | $23,212 | $39,482 |
| 2022 | $2,462 | $44,447 | $12,999 | $31,448 |
| 2021 | $2,434 | $44,447 | $12,999 | $31,448 |
| 2020 | $2,340 | $44,388 | $12,999 | $31,389 |
| 2019 | $2,346 | $44,388 | $12,999 | $31,389 |
| 2018 | $3,084 | $48,390 | $13,000 | $35,390 |
| 2017 | $3,069 | $48,390 | $13,000 | $35,390 |
| 2016 | $2,145 | $37,340 | $12,870 | $24,470 |
| 2015 | $1,969 | $203,440 | $0 | $0 |
| 2014 | $2,293 | $37,340 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/10/2024 12/10/24 | For Sale | $335,000 | -- | $292 / Sq Ft |
Source: Colorado Real Estate Network (CREN)
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | First American Title | |
| Warranty Deed | $175,000 | Colorado Ttl & Closing Svcs | |
| Warranty Deed | $200,000 | Colorado Land Title Co | |
| Warranty Deed | $105,000 | Colorado Land Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $5,000 | Commercial | |
| Previous Owner | $152,000 | Commercial | |
| Previous Owner | $10,000 | Credit Line Revolving | |
| Previous Owner | $115,000 | Commercial | |
| Previous Owner | $73,500 | Commercial |
Source: Public Records
Similar Homes in Cortez, CO
Source: Colorado Real Estate Network (CREN)
MLS Number: 819859
APN: R009129
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