Active
3101 Cornerstone Drive
Pagosa Springs CO, 81147
$599,000
Active
Commercial
Courtesy of The Wells Group of Durango, LLC with Listing Contact: 214-725-7893
Location and Accessibility: Located one block away from US Highway 160 with a traffic count of 16,000 vehicles per day.Close proximity (less than 500 feet walking distance) to major retailers such as Walmart, O'Reilly Auto Parts, Circle K, and Four States Tire and Service. Across the street from a planned residential development of over 70 units, indicating growing local population and potential customer base. Property Features: Sidewalks, curbs, gutters already in place, enhancing accessibility and appeal. Includes plans for three separate units designed for multi-use retail/office and residential purposes. Offers 34 parking spots and ADA accessibility, meeting modern standards and convenience requirements. Investment Potential: Presents an excellent opportunity for generating multiple streams of income through retail, office, and residential rental spaces. Located in a rapidly growing area with Pagosa Springs experiencing significant growth driven by its affordability compared to other Western Colorado mountain towns. Annual tourism averaging 375,000 visitors due to attractions like Wolf Creek Ski Resort, Pagosa Hot Springs, and outdoor recreational activities throughout the year. Market Advantage: Positioned in one of the fastest growing regions of Colorado, benefiting from both local population growth and tourism. Lower price point compared to neighboring mountain towns makes it attractive for investors and businesses looking to capitalize on growth potential. Conclusion: This commercial property in Pagosa Springs offers a compelling investment opportunity due to its prime location, infrastructure, proximity to major retailers, and projected residential growth. With tourism as a significant economic driver and favorable market conditions, it represents a strategic asset for income generation and long-term appreciation. Potential investors and businesses looking to expand into a burgeoning market with diverse revenue streams should consider this offering seriously.
815237
MLSⓇ ID
June 26, 2024
Listed
November 8, 2024
Updated
Map
3101 Cornerstone Drive
Pagosa Springs CO, 81147
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.69 Acres
Lot Features
Cleared
School Information
High School
Pagosa Springs 9-12
Elementary School
Pagosa Springs K-4
Other Property Details
Area Name
PS03 (Pagosa Lakes)
Taxes
$1,447
Tax Frequency
Annually
Days on Market
120
Garage
No
View
Yes
View Description
Mountain(s)
County
Archuleta
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
10/22/2024 | Price change | $599,000 -7% |
8/5/2024 | Price change | $644,000 -5% |
Courtesy of The Wells Group of Durango, LLC with
Listing Contact: 214-725-7893
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Data last updated on: 11/8/2024