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$ 389,000
Est. payment /mo
Active
3101 Cornerstone Drive Pagosa Springs, CO 81147
0.69 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Aspen Village 2-03 Cnty Code 00065
MLS Listing ID 815237
Annual Tax Amount $1,447
Tax Year 2023
Lot Size 0.690 Acres
Acres 0.69
Property Sub-Type Commercial
Property Description
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.
Location
State CO
County Archuleta
Zoning Business,Commercial
Rooms
Dining Room No
Exterior
Utilities Available Electricity, Natural Gas
View Mountains
Building
Sewer Sewer Tap Available
Water Public
Schools
Elementary Schools Pagosa Springs K-4
Middle Schools Pagosa Springs 5-8
High Schools Pagosa Springs 9-12
Listed by The Wells Group of Durango, LLC
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