450 Lewis Street
$1,600,000
—
2
2
9,722
9,722
$165
Description
Pagosa Valley Properties is pleased to present the opportunity to purchase an exclusive investment opportunity, The Lewis Street Building. Improvements consist of a 9,722 Square Foot, multi-tenant office building located in a rapidly developing yet historic part of Pagosa Springs, CO. Originally built in 1983 but remodeled in 2004, The Lewis Street Building offers a significant value add via adaptive re-use with the ability to convert to office, retail, restaurant, or even residential condominiums....Pagosa Valley Properties is pleased to present the opportunity to purchase an exclusive investment opportunity, The Lewis Street Building. Improvements consist of a 9,722 Square Foot, multi-tenant office building located in a rapidly developing yet historic part of Pagosa Springs, CO. Originally built in 1983 but remodeled in 2004, The Lewis Street Building offers a significant value add via adaptive re-use with the ability to convert to office, retail, restaurant, or even residential condominiums. This asset is a great owner opportunity that also gives investors the opportunity to purchase at a significant discount with a huge value add opportunity through soft repositioning and long-term leasing strategies. This is a highly attractive opportunity to acquire an established office building that is almost 100% leased. Archuleta County is one of the most dynamic hotspots for entrepreneurs and small business owners. The Lewis Street Building is ideally located adjacent to the World’s Deepest Hot Springs, a locally owned ski resort with the best snow in Colorado, the finest white water rafting the San Juans have to offer, and boutique restaurants with mentions in national publications amongst other local gems. Cap rate of 5.22% points to a low risk investment, please reach out to agent for OM.
- Listed by Irene Diaz • Pagosa Valley Properties
Property Details for 450 Lewis Street
Water Front
No
ZoningMixed Use
LISTING UPDATED: 09/30/2024 01:28 PM
Property Details for 450 Lewis Street
Status | Active |
---|---|
MLS # | 814777 |
Days on Market | 188 |
Taxes | $1,694 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial / Multi-Use |
Year Built | 1983 |
Lot Size | 0.17 AC / 7,405 SF |
County | Archuleta County |
Building Information for 450 Lewis Street
Stories-Residences19Year Built1983Lot Size0.17 AC / 7,405 SF
Property Information for 450 Lewis Street
Property History for 450 Lewis Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 450 Lewis Street
Taxable ValueLand-Additions-Total-
Home Facts
Total Finished SqFt232 SqFtAbove Grade Finished SqFt232 SqFtStories2Lot Size232 SqFtStyleGovernmental / Public UseYear Built1983ZoningMIXED-USE TOWCountyARCHULETAAPN569913338021
Schools near 450 Lewis Street
This home is within Archuleta County 50 Jt School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 4 | |||
Public - | 5 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Pagosa Springs Elementary School PublicK to 4 | ||
Pagosa Springs Middle School Public5 to 8 | ||
Pagosa Springs High School Public9 to 12 | ||
San Juan Mountain School Public9 to 12 |
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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