X Pagosa St, Pagosa Springs, CO 81147

Property Description

This is an excellent commercial site with tremendous upside potential. It is comprised of three contiguous lots ideally located for a variety of uses within the Mixed-Use Town Central Zone. Allowable uses include Retail, Professional, Restaurant, Lodging and more. Comprised of three contiguous Town Lots (Lot: 26-Parcel #569913401011, Lot 27-Parcel #569913401012 and Lot 28-Parcel #569913401013). Sellers’ plans for an Asian restaurant, small retail store and two residences have changed but this provides an exceptional opportunity for a New Owner to participate in the long-term improvements coming to the Pagosa Springs area. For those Investors, Developers and Builders that found themselves priced out of the future, your time is here. This site is right across the street from the San Juan River, the extended river walking trail, Kips Restaurant, Neon Mallard, Alley House Grill, Pagosa Baking Company and more. This is a high traffic count location with frontage on State Highway 160 (Pagosa Street), First Street and alley access across the rear. The site is level and has views from elevation to the river and the East Range Peaks. Another property east of this went under contract one week from the listing date earlier in October.