1301 Co RdPagosa Springs, CO 81147

This exceptional mixed-use development opportunity in Pagosa Springs, Colorado, presents a rare assemblage of valuable real property rights. Located on 496 acres at approximately 7,000 feet elevation, the property boasts dramatic mountain vistas and access to the San Juan River, including substantial riparian water rights. The 21,605,760 square foot site is currently vacant and zoned for Planned Development, with a long-term development agreement already in place with Archuleta County (1301 Co Rd 119, 81147). This agreement outlines the permitted density, allowing for significant flexibility in development plans, whether a phased approach or a larger-scale project. The property's unique combination of development rights, river frontage, geothermal resources, and high-altitude location creates a compelling investment opportunity. With 1599 permitted units, the land value is priced at $0.67/SF, and the asking price for the entire property is $14,500,000 ($9,068 per unit). The project's potential for high returns is supported by a detailed financial model (available upon request). This is a truly unique opportunity to acquire a significant development project in a desirable Colorado location.