$251.72 Per Sq Foot $11,810 est/mo Sourced by Back At You

468 Pagosa Street,Pagosa Springs, CO 81147

Pagosa Springs CO, 81147

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Description

Welcome to The Heritage Building, a meticulously maintained property originally built in 1905 and nestled in the heart of Old Town Pagosa Springs. This iconic building offers a unique investment opportunity in one of Colorado's most charming destinations. Upstairs, you’ll find a total of 13 offices with a common conference room and kitchenette. Each office space provides a professional environment with ample natural light and historic charm. The ground floor is located directly on the main street and features 2 long-term leased retail shops with excellent storefront visibility and foot traffic. Behind the building you’ll find alley access to a private parking lot accommodating up to 9 parking spaces. The entire property has been condominiumized, allowing for flexible ownership and the potential for the sale of individual spaces. With a 100% occupancy rate, the property reflects its desirability and strong market demand, making it an ideal investment for those seeking income-producing real estate in a high-demand market. Conveniently located, the building overlooks the beautiful San Juan River and is just a short walk across the bridge from the famous Pagosa Hot Springs, adding to its allure and attracting visitors year-round. Don't miss out on this rare opportunity to own a piece of Old Town Pagosa Springs and a bit of history while enjoying strong rental income and long-term investment potential.

Details

MLS#810844
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year1905
Days On Site131
Listing Provided ByBerkshire Hathaway HomeServices Colorado Properties | Josiah Goodson

Features

Bath(s) 6 Total
SQ Feet8,740
Story(s)2
Units16
ZoningCommercial,Mixed Use
Acreage0.23

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Listings Checked: 4 minutes ago
StateCO
CountyArchuleta
CityPagosa Springs
Zip Code81147
AreaPS01 (Old Pagosa Springs)
Community NameZ01 N/S 01 Old Pagosa Springs
Listing VS Median (in Z01 N/S 01 Old Pagosa Springs)
Price:
$2,200,000
low | high
Med:
$2,200,000
50% of Average
SqFt:
8,740
low | high
Med:
8,740
50% of Average
$ / SqFt:
$252
low | high
Med:
$252
50% of Average
On Site:
131
low | high
Med:
131.000000
100% of Average
Sourced by Back At You
Listing Updated: May 20, 2024 at 11:45:41 PM PDT
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