Exceptional multi-family development opportunity in the heart of Cortez. This large, flat corner lot has been recently rezoned for multi-family use, creating immediate potential for apartments, townhomes, or income-producing residential units. Buyers are encouraged to consult with the City of Cortez regarding specific development possibilities, including tiny homes, cottages, RV placement, or manufactured housing, subject to city approval. Significant due diligence has already been completed, including a land surface survey, environmental review, and geotechnical report. Ideally positioned with convenient access to schools, shopping, parks, and downtown amenities, this property offers both strong location fundamentals and development readiness. Opportunities with zoning in place and studies completed are increasingly rare — making this an attractive option for investors and builders ready to break ground.
Property Details
- Lot Features
- Cleared, Corner Lot, Level
- Lot Description
- Cleared, Corner Lot, Level
- Acres
- 0.59
- Property Type
- Purchase
- Property Subtype Additional
- Multi Family
- Utility Source
- Public
- Utility Features
- Cellular Phone Reception, Electricity Available, Natural Gas Available, Sewer Available, Water Available
- Subdivision
- CRSP
- Elementary School
- Kemper K-5
- Middle School
- Cortez 6-8
- High School
- Montezuma-Cortez 9-12
- County
- MONTEZUMA
- Region
- Cortez
- Original List Price
- $100,000
- Days on Market (Cumulative)
- 189
- Taxes Annual
- $407
- MLS #
- 831871
- Property Subtype
- MultiFamily
- Parcel Number
- 561126205004
- MLS #
- 831871
- Date Listed
- February 24, 2026
- Address
- Chestnut Street
Location
Legal
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Provided By
Listed by Katri Annast (#11054)
Listing Office: RE/MAX Pinnacle (#1992)
