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3101 Cornerstone Drive
3101 Cornerstone Drive
3101 Cornerstone Drive
3101 Cornerstone Drive
3101 Cornerstone Drive
3101 Cornerstone Drive
3101 Cornerstone Drive
3101 Cornerstone Drive
3101 Cornerstone Drive
3101 Cornerstone Drive
3101 Cornerstone Drive
3101 Cornerstone Drive
3101 Cornerstone Drive
3101 Cornerstone Drive
3101 Cornerstone Drive
3101 Cornerstone Drive
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$675,000

3101 Cornerstone Drive

Description

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.

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Location

3101 Cornerstone Drive, Pagosa Springs, CO 81147

Status

For Sale
Eric Roark

Eric Roark

TITLE

Associate Broker

Property Amenities

Area & Lot
Lot Area 0.69 Acres
MLS® ID 815237
High School Pagosa Springs 9-12
Middle School Pagosa Springs 5-8
Elementary School Pagosa Springs K-4
View Description Mountain(s)
Type Commercial
Status For Sale
Exterior
Water Source Public
Lot Features Cleared
Utilities Electricity Available, Natural Gas Available, Sewer Available
Finance
Sales Price $675,000
Real Estate Tax $1,447 yearly

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Thank you for your interest in 3101 Cornerstone Drive, Pagosa Springs, CO 81147. We are reviewing your request and will be in touch shortly!

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