Active, For Sale, Under Contract $1,150,000 - Commercial, Mixed Use, Restaurant, Retail
140 Country Center Drive is a prime commercial asset in the heart of uptown Pagosa Springs, strategically positioned along highly visible U.S. Highway 160 and sharing a parking lot with the area’s busiest retail anchor, City Market. With 4 operational units, this premier location ensures consistent traffic, strong tenant demand, and long-term stability.
With zero vacancy over the past two years, the building, constructed in 1997 and spanning 7,448 heated square feet, is home to nationally 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 unit completed in 2023 significantly reduce near-term capital needs.
With simple management requirements — limited to trash and 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.
