318 East Main Street
$335,000
2
1
1,148
1,148
$292
Description
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...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!
- Listed by Holly Matson • Berkshire Hathaway HomeServices Colorado Properties
Property Details for 318 East Main Street
Water Front
No
ZoningOther, Mixed-Use
Subdv NameF R Coffins Addition
LISTING UPDATED: 12/13/2024 12:38 AM
Property Details for 318 East Main Street
Status | Active |
---|---|
MLS # | 819859 |
Days on Market | 7 |
Taxes | $2,886 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | RESIDENTIAL / Stick Built |
Year Built | 1933 |
Lot Size | 0.15 AC / 6,534 SF |
County | Montezuma County |
Building Information for 318 East Main Street
Stories2Year Built1933Building Size-Lot Size0.15 AC / 6,534 SF
Property Information for 318 East Main Street
Property History for 318 East Main Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 318 East Main Street
Taxable ValueLand$23,212Additions$39,482Total$62,694
Tax Record2023$2,886 ($241 / month)
Home Facts
Beds0Total Finished SqFt1,148 SqFtAbove Grade Finished SqFt1,148 SqFtStories1Lot Size6,534 SqFtStyleSingle Family ResidenceYear Built1933ZoningCBDCountyMONTEZUMAAPN561126125006
Schools near 318 East Main Street
This home is within Montezuma-Cortez Re-1 School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Kemper Elementary School PublicK to 5 | ||
Children's Kiva Montessori School CharterK to 8 | ||
Montezuma-Cortez High School Public9 to 12 | ||
Manaugh Elementary School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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