2800 Cornerstone Dr Ste 2a Pagosa Springs, CO 81147-8157

Property Details for 2800 Cornerstone Dr Ste 2a

Year built

2007

Lot size

0.04 lot acres

Property size

1,689 SF

Zone code

MIXED-USE CORRIDOR

Property type

Commercial real estate

APN

569916407003

APU

569916407003

Description

This exceptional 7,950 square foot retail storefront, located at 2800 Cornerstone Dr STE A1 & A2 in Pagosa Springs, Colorado, presents a unique owner-user or investment opportunity. The property, built in 2007, consists of two units totaling 7,950 square feet on a 7,950 square foot lot. Unit A-1 offers approximately 6,000 square feet of open space with high ceilings, ideal for a variety of retail uses. Unit A-2 comprises approximately 1,689 square feet of warehouse space, featuring a commercial roll-up door, previously utilized by a Sears warehouse. The property is strategically situated off Highway 160, providing excellent visibility and accessibility. Its proximity to major retailers like Walmart and O'Reilly Auto Parts ensures high traffic and convenient access for customers. The asking price is $1,300,000, translating to $163.52 per square foot. The property is currently vacant, with an occupancy date of June 1, 2024. Furthermore, the property benefits from its location near several approved and proposed developments, including the Sunridge Villas townhome project, a mixed-use shopping center, a Circle K, a 50-unit apartment complex, and a mixed-use residential community. These developments indicate significant growth potential in the area, enhancing the long-term value of this investment. The property is situated in a thriving community with a strong population base within a 10-mile radius and a median household income of $77,796.