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Home » Real Estate » CO » Pagosa Springs » 81147 » 468 Pagosa Street, Pagosa Springs, CO, 81147
$2,200,000

468 Pagosa Street, Pagosa Springs, CO, 81147


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Welcome to The Heritage Building, a meticulously maintained property originally built in 1905 and nestled in the heart of Old Town Pagosa Springs. This iconic building offers a unique investment opportunity in one of Colorado's most charming destinations. Upstairs, you’ll find a total of 13 offices with a common conference room and kitchenette. Each office space provides a professional environment with ample natural light and historic charm. The ground floor is located directly on the main street and features 2 long-term leased retail shops with excellent storefront visibility and foot traffic. Behind the building you’ll find alley access to a private parking lot accommodating up to 9 parking spaces. The entire property has been condominiumized, allowing for flexible ownership and the potential for the sale of individual spaces. With a 100% occupancy rate, the property reflects its desirability and strong market demand, making it an ideal investment for those seeking income-producing real estate in a high-demand market. Conveniently located, the building overlooks the beautiful San Juan River and is just a short walk across the bridge from the famous Pagosa Hot Springs, adding to its allure and attracting visitors year-round. Don't miss out on this rare opportunity to own a piece of Old Town Pagosa Springs and a bit of history while enjoying strong rental income and long-term investment potential.
Offered By
Berkshire Hathaway HomeServices Colorado Properties

Property Details

Property Type Commercial
Status Active
Property Sub Type Retail
MLS # 810844

Market Trends

New Properties On Market
122
28% Increase In New Listings
Average Asking Price
$427,995
$64,992 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$215
$12 Decrease In List Price/Sq. Ft.
Data as of May 02, 2024. Remaining statistics above are calculated on activity within the period from Mar 01, 2024 to Apr 30, 2024.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited. FULL CREN Disclaimer Real Estate listings held by companies other than Galles Properties contain that company’s name. Fair Housing Disclaimer