$764,000
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920 San Juan Street Pagosa Springs, CO 81147
Mixed Use
Residence
Beds
1
Baths
...
Bed/Bath
2,737
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
***Attention Commercial Investors*** Are you looking to passively invest in commercial space in Colorado? Check out this opportunity! This is a commercial building zoned mixed use in downtown Pagosa Springs, located right on HWY 160. The current tenant, "Sage," is a local favorite restaurant. They a...re 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. The current lease with Sage is a triple net, $3,500/month. This means that the tenant pays all utilities, property taxes, insurance cost, repairs and maintenance. At this price, this represents a pure 5.5% Cap Rate. 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.
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MLS#
788447
Property Type
Mixed Use
Bathrooms
1 Half
Year Built
1973
Square Feet
2,737
sq. ft
Price per Sq. Ft.
$279.14
Lot Size
0.14
Stories
1.0
Sewer
Public Sewer
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