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450 Lewis St 231 SF Office Condo Unit Offered at $84,084 in Pagosa Springs, CO 81147
Investment Highlights
- Heavy daytime foot traffic
Executive Summary
Pagosa Valley Properties is pleased to present the opportunity to purchase an exclusive investment opportunity in The Lewis Street Building. Located in a rapidly developing, yet historic part of Pagosa Springs, CO, this building offers a significant value-add via adaptive re-use, with the ability to convert to office, retail, restaurant, or even residential condominiums. Originally built in 1983 but remodeled in 2004, The Lewis Street Building is one of the only multi-unit buildings that allows for individual ownership of each suite. This is a highly attractive opportunity to acquire a suite in an established office building in Downtown Pagosa Springs. Archuleta County is one of the most dynamic hotspots for entrepreneurs and small business owners. The Lewis Street Building is ideally located adjacent to the World’s Deepest Hot Springs, a locally owned ski resort with the best snow in Colorado, the finest white water rafting the San Juans have to offer, and boutique restaurants with mentions in national publications amongst other local gems. OWNER FINANCING available to qualified buyers.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | APN/Parcel ID | 569913338008 |
| Sale Conditions | 1031 Exchange, Lease Option |
| Sale Type | Investment or Owner User |
| Sale Conditions | 1031 Exchange, Lease Option |
| APN/Parcel ID | 569913338008 |
Description
Pagosa Valley Properties is pleased to present the opportunity to purchase an exclusive investment opportunity in The Lewis Street Building. Located in a rapidly developing, yet historic part of Pagosa Springs, CO, this building offers a significant value-add via adaptive re-use, with the ability to convert to office, retail, restaurant, or even residential condominiums. Originally built in 1983 but remodeled in 2004, The Lewis Street Building is one of the only multi-unit buildings that allows for individual ownership of each suite. This is a highly attractive opportunity to acquire a suite in an established office building in Downtown Pagosa Springs. Archuleta County is one of the most dynamic hotspots for entrepreneurs and small business owners. The Lewis Street Building is ideally located adjacent to the World’s Deepest Hot Springs, a locally owned ski resort with the best snow in Colorado, the finest white water rafting the San Juans have to offer, and boutique restaurants with mentions in national publications amongst other local gems. OWNER FINANCING available to qualified buyers.
Sale Notes
Real Estate only for sale. None of the businesses are for sale. Building is owned by one entity, option to purchase the entire building remains until first suite is sold. COA fees TBD.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit B1 | 231 SF | Office | $84,084 ($364.00/SF) | - |
Unit B1
| Unit Size |
| 231 SF |
| Condo Use |
| Office |
| Price |
| $84,084 ($364.00/SF) |
| NOI |
| - |
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Unit B1
| Unit Size | 231 SF |
| Condo Use | Office |
| Price | $84,084 ($364.00/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Sale Conditions | 1031 Exchange, Lease Option |
| APN/Parcel ID | 569913338008 |
| Description | |
| Pagosa Valley Properties is pleased to present the opportunity to purchase an exclusive investment opportunity in The Lewis Street Building. Located in a rapidly developing, yet historic part of Pagosa Springs, CO, this building offers a significant value-add via adaptive re-use, with the ability to convert to office, retail, restaurant, or even residential condominiums. Originally built in 1983 but remodeled in 2004, The Lewis Street Building is one of the only multi-unit buildings that allows for individual ownership of each suite. This is a highly attractive opportunity to acquire a suite in an established office building in Downtown Pagosa Springs. Archuleta County is one of the most dynamic hotspots for entrepreneurs and small business owners. The Lewis Street Building is ideally located adjacent to the World’s Deepest Hot Springs, a locally owned ski resort with the best snow in Colorado, the finest white water rafting the San Juans have to offer, and boutique restaurants with mentions in national publications amongst other local gems. OWNER FINANCING available to qualified buyers.</li></ul> | |
| Sale Notes | |
| Real Estate only for sale. None of the businesses are for sale. Building is owned by one entity, option to purchase the entire building remains until first suite is sold. COA fees TBD.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
- 24 Hour Access
- Signage
- Skylights
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Pagosa Valley Properties
450 Lewis St
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