140 Country Center Dr - Storefront FOR SALE


Pagosa Springs, CO 81147
$1,150,000 USD
970-903-0481
140 Country Center Dr, Pagosa Springs, CO for Sale
$1,150,000 USD
Storefront - FOR SALE
1/26
null | 7.25% Cap Rate

140 Country Center Dr
Pagosa Springs, CO 81147


OVERVIEW

140 Country Center Drive is a prime commercial asset in the heart of uptown Pagosa Springs, strategically positioned alonghighly visible U.S. Highway 160 and sharing a parking lot with the area’s busiest retail anchor, City Market. With 4operational units, this premier location ensures consistent traffic, strong tenant demand, and long-term stability. With zerovacancy over the past two years, the building, constructed in 1997 and spanning 7,448 heated square feet, is home tonationally recognized tenants, including Subway (in place since 1997 with 5% annual rent escalations) and Russell Cellular(Verizon, estimated since 2012). All tenants are current with no delinquencies, and major TI renovations to the largest unitcompleted in 2023 significantly reduce near-term capital needs. With simple management requirements — limited to trashand water — and a proven income track record, this property offers a stable, turnkey investment in one of Pagosa Springs’most desirable and high-traffic commercial locations. An Offering Memorandum will be provided to qualified buyers.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

MIXED-USE

APN/PARCEL ID

569920120010

ASK ABOUT THIS PROPERTY

Chris LiverettSherpa Real EstateMore Info
970-903-0481

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Chris LiverettSherpa Real EstateMore Info
970-903-0481

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.