Rare 5-Acre Property in Town – Development Opportunity | Cortez, CO Don’t miss this unique opportunity to own 5 acres of prime land within the city limits of Cortez, Colorado. This rare in-town acreage offers exceptional development potential and is currently zoned Single Family Residential (R-1), with strong possibilities for rezoning to Multi-Family Residential to maximize investment opportunities. An old abandoned home sits on the property, but has been given no value in the pricing—making this a true land opportunity. With utilities nearby and easy access to local infrastructure, this property is well-suited for a range of residential development projects, from custom homes to potential multi-unit builds (subject to city approval). Whether you’re a developer, investor, or someone seeking a large private parcel in town, this property is a rare find in today’s market. Acreage like this doesn’t come up often—especially not within city limits!
Active
$165,000
821 S Chestnut Street, Cortez, CO 81321
--beds
--baths
5Acres
Unimproved Land
Built in ----
5 Acres Lot
$154,800 Zestimate®
$--/sqft
$-- HOA
What's special
- 24 days
- on Zillow |
- 145 |
- 10 |
Zillow last checked: 7 hours ago
Listing updated: July 13, 2025 at 12:39am
Listed by:
Gina Nelson 970-570-3174,
Berkshire Hathaway HomeServices Colorado Properties
Source: CREN,MLS#: 826392

Travel times
Facts & features
Property
Features
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 5 Acres
- Topography: Level
Details
- Additional structures: Other
- Parcel number: 561135200011
- Zoning description: Residential Single Family
Utilities & green energy
- Sewer: Sewer Tap Available
- Water: Public, Tap Installed
- Utilities for property: Electricity Available, Natural Gas Available, Phone - Cell Reception, Phone Available
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Cortez
Financial & listing details
- Tax assessed value: $84,279
- Annual tax amount: $1,847
- Date on market: 7/10/2025
- Electric utility on property: Yes
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