X S 5th St, Pagosa Springs, CO 81147

Property Description

DEVELOPMENT OPPORTUNITY PRICED $100k below appraised value! This land parcel is in Historic Old Town Pagosa Springs just steps away from the San Juan River in an area known as Pagosa Riverwalk Condominiums. Surrounding this building site are three story condominiums that reflect the Colorado Mountain lifestyle. Owners at the Riverwalk Condominiums enjoy a courtyard with picnic tables and a grill to enhance their outdoor experience. Roads to the condos are paved and well maintained. Landscaping and snow removal are included as a service and paid with the condo association dues. The true value in this build site is location. The World-Famous Hot Springs are located just on the other side of the river and conveniently located within a short walk, bike, or vehicle ride from this location. Enjoy paved trails that meander along the riverfront and enjoy wildlife protected areas. There is a disc golf course, great restaurants and shopping all within the Historic Downtown area. This land comes with a set of blueprints for condos that are in harmony with the current structures. Not many land parcels remain in Pagosa Springs that bring you this close to everything that historic downtown has to offer. The list price represents $100k below recent appraised value for the property; however, the seller is motivated and open to all reasonable offers.