920 San Juan Street , Pagosa Springs, CO 81147
Pagosa Springs, CO 81147
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, 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.
Details
| MLS# | 811899 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Building Name | Sage |
| Sub-Type | Resale |
| Status | Active |
| Year | 1973 |
| Days On Site | 203 |
| Listing Provided By | eXp Realty, LLC | Riley Searle |
Features
| Bath(s) | 1 Total |
|---|---|
| SQ Feet | 2,737 |
| Story(s) | 1 |
| Units | 1 |
| Zoning | Mixed Use |
| Acreage | 0.14 |
Market Activity 81147
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Learn More About This Property
| State | CO |
|---|---|
| County | Archuleta |
| City | Pagosa Springs |
| Zip Code | 81147 |
| Area | PS01 (Old Pagosa Springs) |
| Community Name | PS Town Of Pagosa Springs 01 Cnty Code 00440 |
| Listing VS Median (in PS Town Of Pagosa Springs 01 Cnty Code 00440) | |
Price: $675,000 low | high Med: $675,000 SqFt: 2,737 low | high Med: 2,737 $ / SqFt: $247 low | high Med: $247 On Site: 203 low | high Med: 203.000000 | |