Have you wanted to move to the mountains and own a money making commercial property at the same time? Well, this is your chance. After owning this tremendous commercial opportunity for decades, the owners have decided to transition this perfectly placed commercial asset. Located on the frontage road of Eagle Drive and along highway 160, this is a prime location for drive by traffic as thousands of visitors and locals drive by this location daily. This is a plug and play opportunity with two anchor tenants being Sunglass as the main tenant and an Automotive glass repair company in the rear of the parcel. These two businesses work together in a synergistic way to afford the Owners of this parcel peace of mind when it comes to stable tenants which are producing a constant stream of income to support the current rents. Note if the main tenant ever vacates which they have the option to renew for another 2 year period with a set increase amount (refer to the lease) then the main space has the ability to be converted into a live/work environment by converting the showroom of Sunglass upstairs into an apartment. Like we have said this is a tremendous opportunity to own an income producing parcel on the main thoroughfare of Pagosa Springs.
MLS# | 816831 |
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Listing Type | For Sale |
Style | Mixed Use |
Sub-Type | Resale |
Status | Active |
Year | 1983 |
Days On Site | 67 |
Listing Provided By | Sherpa Real Estate | Christopher Mott |
Bath(s) | 3 Total |
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SQ Feet | 5,558 |
Story(s) | 2 |
Units | 2 |
Zoning | Commercial,Mixed Use |
Acreage | 0.34 |
State | CO |
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County | Archuleta |
City | Pagosa Springs |
Zip Code | 81147 |
Area | PS02 (Central Township 5699) |
Community Name | Piedra Estates 02 Cnty Code 00460 |
Listing VS Median (in Piedra Estates 02 Cnty Code 00460) | |
Price: $885,000 low | high Med: $990,000 SqFt: 5,558 low | high Med: 3,854 $ / SqFt: $159 low | high Med: $334 On Site: 67 low | high Med: 50.000000 |