920 San Juan Street Pagosa Springs, CO 81147
***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
Sell your house quickly!
Get multiple potential cash offers for your home. Fast and hassle-free!
Learn MoreRecent Activity For 920 San Juan Street Pagosa Springs, CO 81147
2 weeks ago | |
2 weeks ago | |
a month ago |
Don't miss a thing!
Get updates on new activity for this listing
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)