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Home » Real Estate » CO » Pagosa Springs » 81147 » 920 San Juan Street, Pagosa Springs, CO, 81147
$695,000

920 San Juan Street, Pagosa Springs, CO, 81147


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***Attention Commercial Investors*** Are you looking to passively invest in commercial space in Colorado? Check out this opportunity! 6.8% 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 2027), 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 6.8% cap rate, this is a great turnkey investment.
Offered By
eXp Realty, LLC

Property Details

Property Type Commercial
Status Pending
Property Sub Type Multi-Use
MLS # 811899

Market Trends

New Properties On Market
121
27% Increase In New Listings
Average Asking Price
$426,822
$66,165 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$214
$13 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