920 San Juan Street, Pagosa Springs CO 81147

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$675,000

920 San Juan Street, Pagosa Springs, CO 81147

bedrooms

bathrooms

square feet

2,737

Acreage

0.14

Open Houses

year built

1973

Full Baths

Half Baths

Find out more

Riley Searle, eXp Realty, LLC, C: 970-903-5268, riley.searle@exprealty.com, www.crenmls.com: ***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.

Location
Subdivision	-
County	Archuleta
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 811899

Listing agent: Riley Searle

Listing broker: Exp Realty, Llc (303) 882-1191

Copyright © 2024 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Friday, November 8 2024 at 10:59 a.m. EST

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