3101 Cornerstone Drive - Commercial LAND FOR SALE


Pagosa Springs, CO 81147 30,056 SF
$599,000 USD
970-410-3653
3101 Cornerstone Drive, Pagosa Springs, CO for Sale
$599,000 USD
Commercial LAND - FOR SALE
1/9
30,056 SF

3101 Cornerstone Drive
Pagosa Springs, CO 81147


OVERVIEW

This offering is being sold with building plans for 3 separate units of 8k square feet of Muli-Use Retail/office and Residential,34 Parking Spots, ADA Accessible. Excellent investment opportunity for income stream. 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 375,000visitors 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.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/ACRE

$868,127/AC

PRICE/SF

$20 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Cornerstone Pagosa Multi-Use

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Hospitality, Apartment Units - Condo, Health Care, Medical, Office Park, Parking Lot

LAND ACRES

0.69 AC

LAND SF

30,056 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone

ZONING

-

APN/PARCEL ID

569921104001

ASK ABOUT THIS PROPERTY

John WellsThe Wells Group Real Estate BrokerageMore Info
970-410-3653

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John WellsThe Wells Group Real Estate BrokerageMore Info
970-410-3653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.