Land · Active
Pagosa Springs, CO 81147
0 Baths
$525,000
Unimproved Land
Property Type
0.69 acres
Lot Size
815237
MLS #
About This Property
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.
850 days on market
Listed by Eric Roark · Wells Group Real Estate · 970-259-6680
Property Details
| Property Type | Land |
| Sub Type | Unimproved Land |
| Status | Active |
| Subdivision | Aspen Village 2-03 Cnty Code 00065 |
| MLS # | 815237 |
| Days on Market | 850 |
| Lot Size (Sq Ft) | 30,056 |
| Acres | 0.69 |
| Annual Taxes | $1,447 |
| Tax Year | 2023 |
| State | CO |
| County | Archuleta |
| Zoning | Business,Commercial |
| Water Source | Public |
Location
Price History
| Date | Event | Price |
|---|---|---|
| 6/24/2024 |
Listed for sale Source: Colorado Real Estate Network (CREN) #815237 |
$525,000 |
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