3101 Cornerstone Drive, Pagosa Springs, CO 81147
Aspen Village 2-03 Cnty Code 00065 · Archuleta County
Key Facts
Description
Location and Accessibility: Located one block away from US Highway 160 with a traffic count of 16,000 vehicles per day.Close proximity (less than 500 feet walking distance) to major retailers such as Walmart, O'Reilly Auto Parts, Circle K, and Four States Tire and Service. Across the street from a planned residential development of over 70 units, indicating growing local population and potential customer base. Property Features: Sidewalks, curbs, gutters already in place, enhancing accessibility and appeal. Includes plans for three separate units designed for multi-use retail/office and residential purposes. Offers 34 parking spots and ADA accessibility, meeting modern standards and convenience requirements. Investment Potential: Presents an excellent opportunity for generating multiple streams of income through retail, office, and residential rental spaces. Located in a rapidly growing area with Pagosa Springs experiencing significant growth driven by its affordability compared to other Western Colorado mountain towns. Annual tourism averaging 375,000 visitors due to attractions like Wolf Creek Ski Resort, Pagosa Hot Springs, and outdoor recreational activities throughout the year. Market Advantage: Positioned in one of the fastest growing regions of Colorado, benefiting from both local population growth and tourism. Lower price point compared to neighboring mountain towns makes it attractive for investors and businesses looking to capitalize on growth potential. Conclusion: This commercial property in Pagosa Springs offers a compelling investment opportunity due to its prime location, infrastructure, proximity to major retailers, and projected residential growth. With tourism as a significant economic driver and favorable market conditions, it represents a strategic asset for income generation and long-term appreciation. Potential investors and businesses looking to expand into a burgeoning market with diverse revenue streams should consider this offering seriously.
Property Information
Property Type
Commercial Sale
Sub-Type
Unimproved Land
Lot Size
0.69 acres
Zoning
Business,Commercial
MLS® Listing#
815237
Property Features
Lot Features
Utilities
Water Source
Schools
- Elementary:
- Pagosa Springs K-4
- Middle:
- Pagosa Springs 5-8
- High:
- Pagosa Springs 9-12
Financial Details
Annual Taxes
$1,447
Tax year 2023
Parcel Number
569921104001
Directions
South on Aspen Village Drive from Hwy. 160 at Traffic Signal. Lot Located on Southwest Corner of Cornerstone Drive and Aspen Village Drive.
Affordability Calculator
$105,000
Estimated monthly payment
$2,794/mo
Principal $420,000 · Est. interest $585,937 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Pagosa Springs, CO
- $523,827
- Median Listing Price
- 66
- Median Days on Market
- 2,012
- Median Sq Ft
- $247
- Median Price / Sq Ft
- 5,874
- Active Listings
- This home’s price is right around the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Pagosa Springs, CO.
Location
Points of Interest in Pagosa Springs, CO
Showing the Pagosa Springs area map.
Nearby Schools
Pagosa Peak Open School
Elementary · 0.1 mi away
Goal High School Pagosa
Secondary · 1.0 mi away
Pagosa Springs Elementary School
Elementary · 2.2 mi away
Pagosa Springs High School
Secondary · 2.5 mi away
Archuleta County
School · 2.8 mi away
Archuleta School District 50 JT
School · 2.9 mi away
Pagosa Springs Middle School
Secondary · 2.9 mi away
Pagosa Springs Junior High
Elementary · 2.9 mi away
Dulce Junior Senior High School
Secondary · 22.5 mi away
St Francis School
Secondary · 23.9 mi away
Bayfield Intermediate School
Elementary · 29.1 mi away
Bayfield School District
School · 29.2 mi away
Bayfield Middle School
Secondary · 29.3 mi away
Bayfield Elementary School
Elementary · 29.4 mi away
Bayfield Primary School
Elementary · 29.4 mi away
Bayfield High School
Secondary · 29.6 mi away
Ignacio High School
Secondary · 33.1 mi away
Ignacio School District
School · 33.2 mi away
Ignacio Elementary School
Elementary · 33.2 mi away
Chama Elementary
Elementary · 36.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2915 Hayman Terrace, Colorado Springs, CO | $367,500 | 3 | 1 | 1,826 |
| 2067 Bristlecone Drive, Colorado Springs, CO | $367,900 | 3 | 3 | 1,718 |
| 5230 Bradley Circle, Colorado Springs, CO | $369,000 | 3 | 2 | 1,252 |
| 5230 Bradley Circle, Colorado Springs, CO | $369,000 | 3 | 2 | 1,852 |
| 5428 Anna Lee Way, Colorado Springs, CO | $369,000 | 2 | 1 | 960 |
| 3469 Trenary Lane, Colorado Springs, CO | $369,000 | 3 | 4 | 1,996 |
Moving Cost Estimate
EXIT Agents in Pagosa Springs
Listing Courtesy: Wells Group Real Estate
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Real Estate listings held by companies other than Wells Group Real Estate contain that company's name.
Fair Housing Disclaimer
Date Last Updated
.
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