**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!
Active
$335,000
318 E Main St, Cortez, CO 81321
2beds
1,148sqft
Est.:
Stick Built
Built in 1933
6,534 Square Feet Lot
$323,700 Zestimate®
$292/sqft
$-- HOA
What's special
Ample parkingExtensive upgradesMain street locationFully renovated property
- 136 days
- on Zillow |
- 259 |
- 11 |
Zillow last checked: 8 hours ago
Listing updated: February 18, 2025 at 01:41pm
Listed by:
Holly Matson 970-759-4079,
Berkshire Hathaway HomeServices Colorado Properties
Source: CREN,MLS#: 819859

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- 1/4 bathrooms: 1
Features
- Flooring: Tile
- Basement: Basement-below grade,Basement-dug out,Unfinished
Interior area
- Total structure area: 1,148
- Total interior livable area: 1,148 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,534 Square Feet
Details
- Parcel number: 561126125006
- Zoning description: Mixed-Use,Other
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Stick Built
Materials
- Wood Siding
- Foundation: Block, Concrete Perimeter
- Roof: Metal
Condition
- New construction: No
- Year built: 1933
Utilities & green energy
- Sewer: Public Sewer
- Water: City Water, Public
- Utilities for property: Electricity Connected, Internet, Natural Gas Connected
Community & HOA
Community
- Subdivision: F R Coffins Addition
HOA
- Has HOA: No
Location
- Region: Cortez
Financial & listing details
- Price per square foot: $292/sqft
- Tax assessed value: $186,187
- Annual tax amount: $2,886
- Date on market: 12/10/2024
- Electric utility on property: Yes
- Road surface type: Paved
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