#821656, Robin Rice, Listing Office: eXp Realty, LLC

318 E Main St Cortez, CO 81321
Property details
About 318 E Main St
**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!
Highlights
Summary
- MLS Number: 819859
- Office Name: Berkshire Hathaway HomeServices Colorado Properties
- Listing Agent: Holly Matson
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Last updated on: 3/14/2025, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$335,000
318 E Main St
$3,978
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Sep 27, 2022 | Home Sold | $250,000 |
Aug 04, 2020 | Home Sold | $175,000 |
Feb 15, 2013 | Home Sold | $200,000 |
Apr 27, 2006 | Home Sold | $105,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $62,694 | $2,886 |
2022 | $44,447 | $2,461 |
2021 | $44,447 | $2,674 |
2020 | $44,388 | $2,340 |
2019 | $44,388 | $2,346 |
2018 | $48,390 | $3,084 |
2017 | $48,390 | $3,069 |
History based on county public records data.
Nearby schools
4
Kemper Elementary School
Public District KG-5
0.3 mi
•620 E Montezuma Ave
5
Mesa Elementary School
Public District KG-5
1.0 mi
•703 W 7th St
4
Dolores Elementary School
Public District KG-6
10.0 mi
•12th and Hillside
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
All data from GreatSchools
Neighborhood
The neighbors living near this home have an average income of $61,310. Residents of Cortez, CO typically earn between $35k-100k each year. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
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Frequently asked questions
About 318 E Main St
This home is located at 318 E Main St in Cortez, CO and zip code 81321. This 1,148 square foot home, which was built in 1933, sits on a 0.15 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since December 11, 2024 and is currently priced at $335,000.
Between January and February 2025, Cortez, CO real estate market has seen increase in the number of listings by 20.4%. The median list price of listings available in February 2025 was $410,000, while the average time on the real estate market was 116 days.