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124 E Pagosa St
Pagosa Springs, CO 81147
The Malt Shoppe / River Center · Retail Property For Sale
Executive Summary
RIVERFRONT multi-use, 12 unit commercial property- An exceptional investment with huge opportunity. The building is located on PRIME riverfront located downtown, with walking distance to restaurants, hotels, motels and so much more. The zoning on this is multi-use so there is an opportunity here with a little imagination. The Malt Shoppe is an Icon in Pagosa where families come for to sit outside overlooking the river for a burger, corndog, milk shake and make memories. It is so much fun to watch tourists rafting and inner-tubing in the river. This area is also known for it’s fly fishing. Just up the road is our ice skating rink. People love to come to this area to stop and shop. The Seller has owned this for over 30 years so the numbers may not cashflow but the value of this land does.
Seller currently owns and operates the Malt Shoppe and this is for sale for an additional $500,000.
For more details give us a call,
Seller currently owns and operates the Malt Shoppe and this is for sale for an additional $500,000.
For more details give us a call,
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
19,165 SF
Year Built
1981
Price
$4,500,000
Price Per SF
$234.80
Cap Rate
2.99%
NOI
$134,500
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.32
Lot Size
1.38 AC
Opportunity Zone
Yes
Zoning
multi-use - multi-use. current commercial
Frontage
295’ on E. Pagosa Street
Property Taxes
| Parcel Number | 570118205001 | Improvements Assessment | $121,740 |
| Land Assessment | $145,720 | Total Assessment | $267,460 |
Property Taxes
Parcel Number
570118205001
Land Assessment
$145,720
Improvements Assessment
$121,740
Total Assessment
$267,460
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