3101 Cornerstone Drive

Pagosa Springs, CO 81147

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.

Listing courtesy of Eric Roark of The Wells Group of Durango, LLC



The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data is deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer - https://crenmls.com/full-cren-disclaimer-2/
Real Estate listings held by companies other than CREN contain that company’s name.
Fair Housing Disclaimer - https://crenmls.com/fair-housing-disclaimer/
Data last updated at: 2024-10-19 12:00 AM UTC