318 East Main Street

Cortez, CO 81321

$335,000
Price
2
Beds
1
1/2 Bath
1,148 Sq. Ft.
$292 / Sq. Ft.
1,148
Sq. Ft.
$292
per Sq. Ft.

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!
  1. Listed by Holly Matson • Berkshire Hathaway HomeServices Colorado Properties

Property Details for 318 East Main Street

Water Front
No
Zoning
Other, Mixed-Use
Subdv Name
F R Coffins Addition
LISTING UPDATED: 12/13/2024 12:38 AM

Property Details for 318 East Main Street

StatusActive
MLS #819859
Days on Market7
Taxes$2,886 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeRESIDENTIAL / Stick Built
Year Built1933
Lot Size0.15 AC / 6,534 SF
CountyMontezuma 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

Summary
Location and General Information
  • Directions: Property located on the North side of Main St in Cortez between Washington St and Madison St
Owner
  • Owner Name: Power
Parking
  • RV Parking: No
  • Carport Y/N: No
  • Garage Y/N: No
School Information
  • Elementary School: Manaugh K-5
  • Middle School: Cortez 6-8
  • High School: Montezuma-Cortez 9-12
Taxes and HOA Information
  • HOA Y/N: No
  • Tax Year: 2024
  • Total Taxes $: 2886.12
Property
Property and Assessments
  • Domestic Water Source: City Water, Public
  • Domestic Sewer Source: Public Sewer
  • FIPS Code: 08083
  • Legal/Lot Block: FR COFFINS ADD Lot: 7-8 Block: 6
  • Foreign Owned Y/N: No
  • Photo Count: 9
  • New Construction Y/N: No
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Lot Size/Acerage: Less than .25
  • Current Property Use: Commercial, Mixed-Use
  • Possible Property Use: Residential, Commercial, Mixed-Use
  • Parcel ID #: 5.61126125006E11
Green Features
  • Green Certification Y/N: No
  • HERS Rated Y/N: No
  • Energy Star Qualified Y/N: No
  • LEED for Homes Y/N: No
  • NAHB/NGBS-ICC 700 Y/N: No
Utilities
  • Internet Service Y/N: Yes
  • Internet Provider: Other
  • Utilities: Electric, Natural Gas, Internet
  • Addit Living Quarters: No
  • Water Well: No
Multi Family
Multi-Family Information
  • Residence Stories: Two Story
Interior and Exterior Features
Room Information
  • 1/2 Baths: 0
  • 3/4 Baths: 0
  • 1/4 Baths: 1
  • Total Bathrooms: 1.00
  • Total Office/Den(s): 0
Interior Features
  • Furnished: Unfurnished
  • Florring: Tile
  • Foundation/ Basement: Block, Basement-below grade, Basement-dug out, Basement-unfinished, Concrete
  • Heating Fuel/Source: Natural Gas
  • Heating System: Other
Exterior Features
  • Roof: Metal
  • Siding: Wood

Property History for 318 East Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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318 East Main Street is a single family home for sale in Cortez, CO 81321. This property was listed for sale on December 10, 2024 by Berkshire Hathaway HomeServices Colorado Properties, it's currently listed at $335,000. It has been on the market for a total of 7 days and was last sold on September 26, 2022. This listing's school district is Montezuma-Cortez Re-1 School District. Nearby schools include Kemper Elementary School, Children's Kiva Montessori School and Montezuma-Cortez High School. 318 East Main Street is a 2-bed, 0.5-bath, 1,148 sqft single family home built in 1933.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices Colorado Properties, Holly Matson

Based on information from one of the following Multiple Listing Services: CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.