920 San Juan Street

Pagosa Springs, CO 81147

$675,000
Price
—
Beds
1
1/2 Bath
2,737 Sq. Ft.
$247 / Sq. Ft.
2,737
Sq. Ft.
$247
per Sq. Ft.

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.
  1. Listed by Riley Searle • eXp Realty, LLC

Property Details for 920 San Juan Street

Water Front
No
Zoning
Mixed Use
Subdv Name
PS Town Of Pagosa Springs - 01 Cnty Code 00440
LISTING UPDATED: 09/18/2024 02:36 PM

Property Details for 920 San Juan Street

StatusActive
MLS #811899
Days on Market268
Taxes$5,651 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial / Multi-Use
Year Built1973
Lot Size0.14 AC / 6,098 SF
CountyArchuleta 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

Summary
Location and General Information
  • Directions: Just west of downtown Pagosa Springs across from the elementary school. On HWY 160.
  • Property Known As: Sage
Owner
  • Owner Name: BWD LLC
Parking
  • Carport Y/N: No
  • Parking Spaces: 15
  • PARKING: Paved, 10-20 Total Spaces
Taxes and HOA Information
  • Tax Year: 2023
  • Total Taxes $: 5651
Virtual Tour
Property
Property and Assessments
  • FIPS Code: 08007
  • Legal/Lot Block: Subdivision: TOWN OF PAGOSA SPGS Block: 36 Lot: 7 PS Sec: 14 Twn: 35 Rng: 2W (COPPER COIN LOCATION)
  • Photo Count: 28
  • New Construction Y/N: No
  • Covenants Y/N: NO
  • Board Name: Durango Area Assn of Realtors
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Current Property Use: Restaurant
  • Possible Property Use: Convenience Store, General Office, Mixed-Use, Office Warehouse, Restaurant, Retail Storefront, Retail Warehouse, Showroom, Special Use, Warehouse
  • Lot Dimension: 105' X 100' X 144'
  • Parcel ID #: 5.69914413001E11
  • SqFt Source: Assessor
Utilities
  • Internet Service Y/N: Yes
  • Internet Provider: Visionary
  • DOMESTIC WATER: Public
  • Total # Gas Meters: 1
  • Total # Electric Meters: 1
  • Existing Utilities: Sanitary Sewer, Water, Natural Gas, Electric, Internet
  • Water Well: No
Multi Family
Multi-Family Information
  • # of Units: 1
Income & Expenses Information
  • Gross Scheduled Income $: $47,327.64
  • Cap Rate Percent: 6.80%
  • Vacancy Factor Prcnt: .00%
  • Net Operating Income $: $47,327.64
  • Gross Annual Expenses $: $.00
Interior and Exterior Features
Room Information
  • 1/2 Baths: 1
  • 3/4 Baths: 0
  • 1/4 Baths: 0
  • Total Baths: 1.00
Interior Features
  • Furnished: Unfurnished
  • Main SF: 2737
  • Office SF: 120
  • Florring: Vinyl, Stained/Stamped Concrete
  • Heating Fuel/Source: Natural Gas
  • Cooling: Central A/C
  • Heating System: Forced Air
  • A/C: Swamp Cool
Exterior Features
  • Roof: Metal
Rental
Rental Information
  • CAM Y/N: No

Property History for 920 San Juan Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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920 San Juan Street is a mixed use property for sale in Pagosa Springs, CO 81147. This property was listed for sale on March 26, 2024 by eXp Realty, LLC, it's currently listed at $675,000. It has been on the market for a total of 268 days and was last sold on November 10, 2010. 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. 920 San Juan Street is a 0-bed, 0.5-bath, 2,737 sqft mixed use property built in 1973.

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 eXp Realty, LLC, Riley Searle

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.