#812921, Shelley Low, Listing Office: EXIT Realty Home & Ranch
3101 Cornerstone Dr Pagosa Springs, CO 81147
$574,900 List price
0.7 acres
Land
Property details
About 3101 Cornerstone Dr
Location and Accessibility: Located one block away from US Highway 160 with a traffic count of 16,000 vehicles per day.Close proximity (less than 500 feet walking distance) to major retailers such as Walmart, O'Reilly Auto Parts, Circle K, and Four States Tire and Service. Across the street from a planned residential development of over 70 units, indicating growing local population and potential customer base. Property Features: Sidewalks, curbs, gutters already in place, enhancing accessibility and appeal. Includes plans for three separate units designed for multi-use retail/office and residential purposes. Offers 34 parking spots and ADA accessibility, meeting modern standards and convenience requirements. Investment Potential: Presents an excellent opportunity for generating multiple streams of income through retail, office, and residential rental spaces. Located in a rapidly growing area with Pagosa Springs experiencing significant growth driven by its affordability compared to other Western Colorado mountain towns. Annual tourism averaging 375,000 visitors due to attractions like Wolf Creek Ski Resort, Pagosa Hot Springs, and outdoor recreational activities throughout the year. Market Advantage: Positioned in one of the fastest growing regions of Colorado, benefiting from both local population growth and tourism. Lower price point compared to neighboring mountain towns makes it attractive for investors and businesses looking to capitalize on growth potential. Conclusion: This commercial property in Pagosa Springs offers a compelling investment opportunity due to its prime location, infrastructure, proximity to major retailers, and projected residential growth. With tourism as a significant economic driver and favorable market conditions, it represents a strategic asset for income generation and long-term appreciation. Potential investors and businesses looking to expand into a burgeoning market with diverse revenue streams should consider this offering seriously.
Highlights
Home typeBusiness
StatusActive
Lot size0.69 Acres
MLS #815237
ViewMountain(s)
Summary
- MLS Number: 815237
- Office Name: The Wells Group of Durango, LLC
- Listing Agent: Eric Roark
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$574,900
3101 Cornerstone Dr
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 05, 2021 | Home Sold | $315,000 |
| Jan 20, 2012 | Home Sold | $185,000 |
| Jun 01, 2006 | Home Sold | $335,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $24,140 | $1,447 |
| 2022 | $18,540 | $1,234 |
| 2021 | $13,110 | $918 |
| 2017 | $20,090 | $1,359 |
History based on county public records data.
Nearby schools
6
Pagosa Springs Elementary School
Public District KG-4
2.2 mi
•141 South 10th Street
1
Dulce Elementary School
Public District PK-5
22.5 mi
•Hawk Dr
5
Bayfield Elementary School
Public District 2-5
29.1 mi
•720 E Oak Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
All data from GreatSchools
Neighborhood
The neighbors living near this home have an average income of $73,904. Residents of Pagosa Springs, CO typically earn between $35k-100k each year. The most common type of family is married, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
19%
<35k
53%
35k-100k
15%
100k-200k
13%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
31%
Single, No Kids
7%
Single, with Kids
48%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
7%
12-17 yrs old
13%
18-34 yrs old
45%
35-64 yrs old
23%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
Hunting
NASCAR
Where do the neighbors shop?
Dollar General
Dillards
Dick's Sporting Goods
Where do the neighbors go to eat?
Applebees
Cracker Barrel
Texas Roadhouse
What do the neighbors drive?
Cadillac
Subaru
Oldsmobile
What do the neighbors listen to?
Classic Country
News/Talk/Information
New Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 3101 Cornerstone Dr
This home is located at 3101 Cornerstone Dr in Pagosa Springs, CO and zip code 81147. Features: 0 bathroom. It has been listed on Rocket Homes since June 26, 2024 and is currently priced at $574,900.
The inventory of homes for sale in Pagosa Springs, CO between December and January 2025 increased by 15.9%. While the average time on the market in January 2025 was 148 days, the median list price was $700,000.
From Rocket Homes Real Estate and based on county public records data.