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Residential Land for Sale in Pagosa Springs, Colorado

540 S 5th St, Pagosa Springs, CO 81147

$449,000
0.2 acres
Active sale
ago
Est $3,240/mo

Mike Heraty, ENGEL & VOLKERS Pagosa Springs, C:,,: Premier San Juan River Development Opportunity: The largest undeveloped building site within the highly desirable Pagosa Riverwalk area, this exceptional property offers a rare combination of location, flexibility, and long-term value. Situated along the San Juan River just south of historic downtown Pagosa Springs, the parcel presents one of the last opportunities to secure a substantial riverfront development site within walking distance of the area's most sought-after amenities.Zoning and site configuration allow for a wide range of development possibilities, including a custom single-family residence, duplex, triplex, fourplex, townhome project, condominium development, or a multi-unit residential community of up to ten units. Few properties in Southwest Colorado offer this level of versatility combined with such a prime riverfront setting. The site is fully served by central water and sewer infrastructure, with electrical and natural gas utilities readily available within the development, significantly reducing development complexity and cost. Expansive views of the surrounding mountain ranges and the San Juan River Deer, waterfowl, and other wildlife are frequent visitors, enhancing the peaceful character of this quiet and secure riverfront environment. Residents enjoy direct access to the river trail system, providing a pleasant walk to downtown Pagosa Springs, The Springs Resort, local restaurants, shopping, galleries, and community events.Whether your objective is to create an income-producing investment property, develop highly desirable riverfront residences, or build a personal retreat with supplemental rental opportunities, this offering represents a truly unique acquisition opportunity. Riverfront development sites of this size and quality have become increasingly scarce throughout Colorado, particularly those located within established communities and within walking distance of a vibrant downtown district.The demand for in-town, riverfront, low-maintenance residences continues to exceed supply. Future owners will enjoy immediate access to fly fishing, rafting, paddleboarding, hiking, and mountain biking, all from their front door. Riverfront development opportunities within the Town of Pagosa Springs are exceptionally limited, making this a compelling long-term investment.Whether you're ready to build now or secure a premium riverfront asset for the future, this is one of Pagosa Springs' most unique residential development opportunities.Call today to schedule a private tour and explore the development possibilities of one of Pagosa Springs' most compelling riverfront opportunities.

Location

Street address
540 S 5th St
Zip code
81147
Elevation
7,048 feet
Coordinates
37.2591, -107.0125

Directions

From Downtown Pagosa Take U.S. Highway West to Hot Springs Blvd and turn left. Turn right onto Apache Street then right onto South 5th Street. The property will be on your right

Property details

Lot size
0.2 acres8,712 sq ft
MLS #
CREN 838040
Posted

Parcels

  • 569924234010

Details and features

Listing

Type
Land
Franchise
Engel & Völkers

Lot

Waterfront
Yes

Listing history

DateEventPriceChangeSource
Aug 12, 2026New listing$449,000CREN
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This 0.2-acre property is located at 540 S 5th St in Pagosa Springs, CO 81147. The land is available for sale, priced at $449,000.

Listed by Engel & Völkers Pagosa Springs, (970) 946-7347

Checked 1 hour agoUpdated Source

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Mike Heraty
Mike Heraty
Engel & Völkers Pagosa Springs
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