$695,000
Pending
32 Days Online
0 Beds1 Bath2,737 SQFT
Pending

920 San Juan Street Pagosa Springs, CO 81147

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***Attention Commercial Investors*** Are you looking to passively invest in commercial space in Colorado? Check out this opportunity! 6.8% Cap Rate, Triple Net lease, inflation provisions added in lease. This is a commercial building zoned mixed use in downtown Pagosa Springs, located right on HWY 160, great visibility! The current tenant, "Sage, " is a local favorite restaurant. They are on a 5 year triple net lease (end of 2027), meaning the tenant takes care of all utilities, property taxes, insurance, and ongoing maintenance. They are well established in the community and a thriving part of the food industry in Pagosa. This is a remodeled building with a commercial kitchen set-up which includes a kitchen, a deli area, wash station, walk-in coolers, walk-in freezers, an office, a remodeled bathroom for staff and customer use, and all trade fixtures needed to run a restaurant. This is a truly passive investment opportunity as you don't have to deal with broken heaters, repainting, or any day-to-day maintenance. That responsibility all lies with the tenant! A copy of the current lease agreement can be made available to qualified buyers. At a 6.8% cap rate, this is a great turnkey investment.

  • Property TypeCommercial
  • NeighborhoodPs Town of Pagosa Springs - 01 Cnty Code 00440
  • CountyArchuleta
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site32 Days
  • MLS StatusPending
  • MLS ID Number811899
  • Home Size Source Assessor
  • Year Built1973
  • Lot Size0.14 Acres
  • Full BathsN/A
  • Partial Baths1

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General Features

  • Parking PavedParking Spaces
  • Parking Spaces 15
  • Sewer Public Sewer
  • Number of Stories 111
  • Acreage 0.14
  • Water Public
  • Zoning Mixed Use
  • Property Sub Type Mixed Use
  • Utilities Electricity AvailableNatural Gas AvailableSewer ConnectedWater Available

Interior Features

  • Cooling Central Air
  • Heating Forced AirNatural Gas
  • Flooring ConcreteVinyl
  • Furnished? Unfurnished

Exterior Features

  • Roof Metal
  • Waterfront Property No
  • Road Frontage Highway

Community Features

  • MLS Area PS01 (Old Pagosa Springs)

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Monthly Payment (Est.)

$3,763
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