3101 Cornerstone Drive

Pagosa Springs, CO 81147

$599,000
Price
30,056 / 0.69
Lot Size / Acres
a sign that is on a wall
a balcony with table and chairs
aerial view of a city with lake view
a view of a lake with outdoor space
an aerial view of a
a view of a city
an aerial view of lake residential houses with outdoor space and seating
an aerial view of lake residential houses with outdoor space and seating
a picture of a room with a window

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...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.
  1. Listed by Eric Roark • The Wells Group of Durango, LLC

Property Details for 3101 Cornerstone Drive

Water Front
No
Zoning
Business, Commercial
Views
Mountains
Subdv Name
Aspen Village 2-03 Cnty Code 00065
LISTING UPDATED: 10/22/2024 03:18 PM

Property Details for 3101 Cornerstone Drive

StatusActive
MLS #815237
Days on Market155
Taxes$1,447 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLAND / Commercial
Year Built-
Lot Size0.69 AC
CountyArchuleta County

Building Information for 3101 Cornerstone Drive

Lot Size0.69 AC

Property Information for 3101 Cornerstone Drive

Summary
Location and General Information
  • Directions: South on Aspen Village Drive from Hwy. 160 at Traffic Signal. Lot Located on Southwest Corner of Cornerstone Drive and Aspen Village Drive.
Owner
  • Owner Name: Lift 121 Llc
School Information
  • Elementary School: Pagosa Springs K-4
  • Middle School: Pagosa Springs 5-8
  • High School: Pagosa Springs 9-12
Taxes and HOA Information
  • Tax Account ID: R011275
  • HOA Y/N: No
  • Tax Year: 2023
  • Total Taxes $: 1447.20
Property
Property and Assessments
  • FIPS Code: 08007
  • Legal/Lot Block: SUBDIVISION: ASPEN VILLAGE 2-COMM BLOCK: 4 LOT: 2 PS AV 2 SEC: 21 TWN: 35 RNG: 2W PLAT #760B; #20510843 #20605286
  • Photo Count: 16
  • Covenants Y/N: NO
  • Board Name: Durango Area Assn of Realtors
  • Income Producing: No
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Lot Size/Acerage: .5-.99 Acres
  • Current Property Use: Commercial
  • Possible Property Use: Commercial
  • Parcel ID #: 5.69921104001E11
  • Property Description: Cleared
Utilities
  • Utilities: Electricity, Natural Gas
  • Sewer Tap Avail: Yes
  • Sewer/Septic In: No
  • Sewer Paid: No
  • Water Tap Avail: Yes
  • Water Tap Installed: No
  • Water Tap Paid: No
  • Mineral Rights: Unknown
  • Modular/Mobile Allow: No
  • DOMESTIC WATER: Public
  • DOMESTIC SEWER: Sewer Tap Available
  • Water Well: No
Interior and Exterior Features
Room Information
  • 1/2 Baths: 0
  • 3/4 Baths: 0
  • 1/4 Baths: 0
Exterior Features
  • Horse Setup: No

Property History for 3101 Cornerstone Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3101 Cornerstone Drive

Taxable ValueLand$24,140Additions-Total$24,140
Tax Record2023$1,447 ($121 / month)
Home Facts
Lot Size30,056 SqFtStyleCommercialZoningMIXED-USE CORCountyARCHULETAAPN569921104001

Schools near 3101 Cornerstone Drive

This home is within Archuleta County 50 Jt School District.
Rating
School
Type
Grades
Distance
Pagosa Springs Elementary School
Public - K to 4
Pagosa Springs Middle School
Public - 5 to 8
Pagosa Springs High School
Public - 9 to 12
Pagosa Peak Open School
Charter - K to 8
Rating
School
Distance
Pagosa Springs Elementary School
PublicK to 4

Pagosa Springs Middle School
Public5 to 8

Pagosa Springs High School
Public9 to 12

Pagosa Peak Open School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 3101 Cornerstone Drive, Pagosa Springs, CO 81147

3101 Cornerstone Drive is a 0.69 ac of land for sale in Pagosa Springs, CO 81147. This property was listed for sale on June 24, 2024 by The Wells Group of Durango, LLC, it's currently listed at $599,000. It has been on the market for a total of 155 days and was last sold on September 30, 2021. This listing's school district is Archuleta County 50 Jt School District. Nearby schools include Pagosa Springs Elementary School, Pagosa Springs Middle School and Pagosa Springs High School. 3101 Cornerstone Drive is a 0-bed, 0-bath, 0.69 ac of land on a 30,056 sq. ft. / 0.69 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Wells Group of Durango, LLC, Eric Roark

Based on information from one of the following Multiple Listing Services: CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.