132 & X HERMOSA STREET, PAGOSA SPRINGS, CO 81147

An exceptional 1-acre, six-lot parcel tucked away at the end of a quiet cul-de-sac on trending Hermosa Street. Bordered by Cotton Hole Park and the San Juan River, the property offers private mountain vistas, unobstructed river access, and a large elevated building pad with utilities--an exceptionally rare combination in downtown Pagosa Springs. Two existing residences provide flexibility and income: a 1,100 sq. ft. 2-bedroom, 2-bath cottage currently generating $24,000 annually, plus a fully remodeled 500 sq. ft. studio/cabin operating as a successful short-term rental. The property is ideally suited for someone looking to build a dream home while having a turnkey place to stay and generate supplemental income during the process. With downtown convenience, privacy, mountain views, river access, and substantial future development potential, this is a truly distinctive Pagosa Springs property. Seller may consider Financing.