0 Baths

$449,000

X & 540 S 5Th Street, Pagosa Springs CO, 81147

Lot size0.2 Acres

Property typeLand

Listed by Mike Heraty with ENGEL & VOLKERS Pagosa Springs 970-946-6030

Overview

Active

Listed Aug 12, 2026

Updated Aug 16

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.

Other Property Details

Taxes: $5,173
Tax Frequency: Annually
Association Fee Frequency: Yearly
View: Yes
Waterfront: Yes

Listed by Mike Heraty with ENGEL & VOLKERS Pagosa Springs 970-946-6030

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Data last updated on: 8/16/2026