920 San Juan Street
$675,000
—
1
2,737
2,737
$247
Virtual Tour
Description
Attention Commercial Investors Are you looking to passively invest in commercial space in Colorado? Check out this opportunity! 7.01% 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 2026), meaning the tenant takes care of all utilities, property taxes, insurance,...Attention Commercial Investors Are you looking to passively invest in commercial space in Colorado? Check out this opportunity! 7.01% 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 2026), 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 7.01% cap rate, this is a great turnkey investment.
- Listed by Riley Searle • eXp Realty, LLC
Property Details for 920 San Juan Street
Water Front
No
ZoningMixed Use
Subdv NamePS Town Of Pagosa Springs - 01 Cnty Code 00440
LISTING UPDATED: 09/18/2024 02:36 PM
Property Details for 920 San Juan Street
Status | Active |
---|---|
MLS # | 811899 |
Days on Market | 268 |
Taxes | $5,651 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial / Multi-Use |
Year Built | 1973 |
Lot Size | 0.14 AC / 6,098 SF |
County | Archuleta County |
Virtual Tour
Building Information for 920 San Juan Street
Stories-Residences1Year Built1973Lot Size0.14 AC / 6,098 SF
Property Information for 920 San Juan Street
Property History for 920 San Juan 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 920 San Juan Street
Taxable ValueLand$33,480Additions$63,290Total$96,770
Tax Record2023$5,651 ($471 / month)
Home Facts
Total Finished SqFt2,737 SqFtAbove Grade Finished SqFt2,737 SqFtStories1Lot Size6,098 SqFtStyleStoresYear Built1973ZoningMIXED-USE CORCountyARCHULETAAPN569914413001
Schools near 920 San Juan 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 | |||
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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