A Pagosa Springs Bed & Breakfast and Mixed-Use Investment Opportunity in Downtown Pagosa Springs

157 S. 6th Street | Pagosa Springs, Colorado

Finding a historic property in downtown Pagosa Springs is special. Finding one with six bedrooms, six bathrooms, two city lots, a prime walkable location, and newly approved Mixed-Use Residential zoning creates an entirely different kind of opportunity.

Welcome to Pagosa Manor at 157 S. 6th Street, a beautifully restored 1903 Victorian property in the heart of downtown Pagosa Springs.

For buyers searching for a Pagosa Springs bed and breakfast opportunity, mixed-use investment property, downtown Pagosa Springs real estate, hospitality opportunity, or Colorado investment property, Pagosa Manor deserves a closer look.

Newly Approved Mixed-Use Residential Zoning Opens New Possibilities

One of the most significant recent developments for Pagosa Manor is the approval of Mixed-Use Residential (MU-R) zoning for the property through the Town of Pagosa Springs.

The zoning change creates new possibilities for a buyer interested in combining the appeal of owning a historic downtown Pagosa Springs property with residential, live/work, or certain business uses.

Most notably for this property, the Town of Pagosa Springs Table of Allowed Uses specifically identifies a B&B or inn as a Conditional Use within the MU-R zoning district.

That means a future owner may pursue approval to operate a bed and breakfast or inn, subject to the Town's Conditional Use approval process and all other applicable requirements.

Depending on a buyer's plans and required approvals, potential uses worth exploring include:

• A boutique Pagosa Springs bed and breakfast or inn, subject to Conditional Use approval

• A live/work property

• Business or professional office use, subject to applicable Town approval

• Other residential or compatible business uses allowed within the MU-R district

The Town's Mixed-Use Residential district is intended to remain predominantly residential while accommodating a compatible mixture of uses, including housing along with certain office, retail, and light-trade activities.

For an entrepreneurial buyer, that flexibility makes 157 S. 6th Street much more than an impressive historic residence.

It presents an opportunity to explore a lifestyle and a business in the heart of one of Southwest Colorado's most distinctive mountain communities.

A Compelling Pagosa Springs Bed & Breakfast Opportunity

If you've ever imagined owning a bed and breakfast in Pagosa Springs, the history, configuration, and location of Pagosa Manor make this property particularly intriguing.

Hospitality isn't a new idea here.

Over its more than 120-year history, Pagosa Manor has previously operated as a boarding house, restaurant, and bed and breakfast. Original room numbers even remain on the doors—a reminder that welcoming guests has long been part of the property's story.

Today, the home offers approximately 3,024 square feet with six bedrooms and six bathrooms.

The flexible floor plan includes:

• Two kitchens

• Multiple living and dining spaces

• Two laundry areas

• An office

• Private lock-off spaces

• Furnishings

• Outdoor gathering areas

• Mature landscaping and gardens

For a buyer interested in pursuing a boutique B&B or inn concept, these existing features provide an interesting starting point for envisioning how the property might function for both an owner and guests.

Any future B&B or inn operation would be subject to Conditional Use approval and other applicable Town requirements, but the fact that B&B or inn is specifically contemplated as a Conditional Use in MU-R zoning makes this an especially noteworthy opportunity.

Imagine the possibility of living in downtown Pagosa Springs while operating an intimate boutique B&B or inn near some of the community's most recognizable attractions.

A Walkable Downtown Location Across From the Pagosa Springs River Walk

For a hospitality or mixed-use investment property, location matters.

Pagosa Manor sits directly across from the River Walk in downtown Pagosa Springs, putting the San Juan River and downtown amenities within easy reach.

From the property, visitors can explore downtown restaurants and shops, stroll along the San Juan River, and experience the geothermal hot springs for which Pagosa Springs is famous.

The property also enjoys river, mountain, and downtown views, creating the kind of setting that makes Southwest Colorado such a popular destination.

For a prospective B&B or inn operator, that walkability could be particularly appealing. Guests visiting Pagosa Springs often come for the combination of hot springs, outdoor recreation, mountain scenery, and small-town atmosphere—and Pagosa Manor puts them close to the center of it all.

Historic Pagosa Springs Character—Restored for Today

Built in 1903, Pagosa Manor offers the architectural character buyers hope to find in a historic Colorado property.

The home was completely restored in 2023 while retaining many of the details that make it distinctive.

Historic and architectural features include:

• Original stained glass

• Hardwood floors

• Custom built-ins

• Coffered ceilings

• Crown molding

• Gingerbread trim

• A covered front porch

• A distinctive widow's watch

Important infrastructure improvements include new water and sewer lines, updated electrical systems, and a new roof.

The result is a property that combines the atmosphere and character of historic downtown Pagosa Springs with substantial modern updates.

For a future hospitality concept, that character could also become part of the guest experience. Rather than trying to recreate the atmosphere of an old Colorado inn, Pagosa Manor already has more than a century of history behind it.

Two Downtown Lots Add Another Dimension to the Investment

Pagosa Manor occupies approximately 0.34 acres across two city lots.

That second lot adds another intriguing element for investors and entrepreneurs.

Depending on a buyer's vision and applicable zoning, planning, building, development, and other governmental approvals, the additional land may provide opportunities beyond the existing residence.

No future development should be assumed without appropriate due diligence and Town approval. However, in a walkable downtown location where land is inherently limited, owning two city lots provides an important degree of flexibility for a future owner.

For buyers evaluating downtown Pagosa Springs investment property, that combination of an existing historic structure and additional land is worth considering.

More Than a Traditional Pagosa Springs Investment Property

When buyers search for Pagosa Springs investment property, they often begin with traditional vacation rentals or long-term rental homes.

Pagosa Manor offers something different.

This is an opportunity to acquire a distinctive historic property with the potential to combine real estate ownership, hospitality, business, and lifestyle under one roof.

A future owner could envision living in a Colorado mountain town, walking to the river in the morning, welcoming guests, and creating a business centered around the Pagosa Springs experience—subject, of course, to obtaining the necessary approvals for the intended use.

For someone considering relocation to Southwest Colorado, exploring a lifestyle-oriented real estate investment, or pursuing a boutique Pagosa Springs bed and breakfast or inn, properties with this combination of location, history, configuration, land, and zoning flexibility don't come along every day.

Live/Work Potential in Downtown Pagosa Springs

The new MU-R zoning creates opportunities beyond hospitality as well.

The Town's Table of Allowed Uses identifies live/work dwellings as a permitted use within the MU-R district, subject to applicable use-specific standards.

For the right buyer, that creates another interesting possibility: living in a historic downtown Pagosa Springs property while incorporating an appropriate work or business component into the property.

Whether the vision involves hospitality, a live/work arrangement, or another use compatible with MU-R zoning, buyers should consult directly with the Town of Pagosa Springs regarding their specific plans.

Why Pagosa Manor Stands Out

For buyers considering mixed-use or investment real estate in Pagosa Springs, 157 S. 6th Street offers a combination that would be difficult to recreate.

B&B or inn potential. The Town's Table of Allowed Uses identifies B&B or inn as a Conditional Use within MU-R zoning, providing a path for a buyer to pursue that type of operation through the Town approval process.

Historic character. The 1903 Victorian architecture gives the property an identity and history of its own.

Downtown location. Restaurants, shops, the San Juan River, River Walk, and Pagosa Springs' geothermal hot springs are nearby.

Mixed-use potential. Newly approved MU-R zoning expands the possibilities beyond use solely as a traditional residence.

Hospitality history. The property has previously served as a boarding house, restaurant, and bed and breakfast.

Flexible floor plan. Six bedrooms, six bathrooms, two kitchens, multiple living spaces, and private lock-off areas offer an interesting configuration for a variety of potential uses.

Live/work potential. Live/work dwellings are identified as a permitted use within the MU-R district, subject to applicable standards.

Two city lots. Approximately 0.34 acres across two lots provides additional flexibility for a future owner, subject to applicable development requirements.

Turnkey presentation. The property is being offered fully furnished.

Could This Be Your Pagosa Springs Bed & Breakfast?

There are investment properties—and then there are properties that offer the chance to create something entirely your own.

Pagosa Manor at 157 S. 6th Street represents a rare opportunity to own a restored historic property in downtown Pagosa Springs with newly approved Mixed-Use Residential zoning and the potential to pursue a B&B or inn through the Town's Conditional Use process.

For a buyer who has dreamed about owning a Pagosa Springs bed and breakfast, that combination is especially compelling.

The six-bedroom, six-bathroom configuration, previous history as a B&B and boarding house, two city lots, historic architecture, and walkable downtown location create an unusual foundation for a future vision.

Whether that vision is a boutique bed and breakfast in Pagosa Springs, a live/work property, a mixed-use investment, or simply ownership of an extraordinary piece of downtown Pagosa Springs history, Pagosa Manor offers a compelling place to start.

View the complete listing, photos, and property details for 157 S. 6th Street in Pagosa Springs.

Interested in exploring Pagosa Manor or discussing this unique downtown Pagosa Springs real estate opportunity? Contact Alysha Ranson, 970.903.1230 (Alysha@GallesProperties.com) to schedule a private showing and learn more about 157 S. 6th Street.

B&B or inn is identified as a Conditional Use in the Town of Pagosa Springs MU-R zoning district and is not automatically approved by the property's zoning designation. Buyers should independently verify zoning, permitted and conditional uses, Conditional Use Permit requirements, licensing, parking, building and fire requirements, development potential, and all other applicable regulations and approvals with the Town of Pagosa Springs and other appropriate authorities.