Historic Mixed-Use Opportunity in the Heart of Downtown Pagosa Springs! Introducing Pagosa Manor, one of the most recognizable historic properties in downtown Pagosa Springs. Originally built in 1903 by a ship's captain from Maine, this landmark has just received Mixed-Use Residential zoning approval, opening the door to a wide range of residential and business possibilities in one of the most sought-after locations in town. Positioned directly across from the River Walk and just steps from restaurants, shopping, the San Juan River, and Pagosa's famous hot springs, this property offers the visibility, walkability, and character that are difficult to replicate. Whether you're envisioning a boutique bed & breakfast, professional offices, wellness retreat, retail space with owner's quarters, or another mixed-use concept, the zoning flexibility creates exciting opportunities. The property has a long history of hospitality, having previously operated as a boarding house, restaurant, and bed & breakfast. Today, the original room numbers remain on the doors as a reminder of its storied past. Completely restored in 2023, the home blends historic craftsmanship with modern infrastructure. Major improvements include new water and sewer lines, updated electrical, and a new roof, allowing the next owner to focus on their vision rather than deferred maintenance. Inside, you'll find original stained glass windows, intricate hardwood floors, custom built-ins, gingerbread trim, coffered ceilings, crown molding, and a widow's watch overlooking downtown and the surrounding mountains. Designed for flexibility, the property features two kitchens, three living areas, three dining spaces, two laundry rooms, a butler's pantry, dedicated office, and two private lock-off living spaces, including a separate two-bedroom upper-level suite complete with its own kitchen and laundry. This layout offers numerous possibilities for owner occupancy while operating a business, hosting guests, or creating multiple income-producing spaces. Outside, guests and owners alike will appreciate beautifully landscaped grounds filled with mature trees, lilacs, roses, fruit trees, and perennial gardens. A covered front porch overlooks the San Juan River and hot springs, while additional outdoor gathering areas create inviting spaces to relax in every season. Situated on two city lots, the property also presents future flexibility, including the potential to develop or sell the second lot separately, subject to applicable approvals. Offered fully furnished and turnkey, Pagosa Manor is a unique opportunity to own an iconic downtown property with newly approved mixed-use zoning, exceptional visibility, rich history, and the flexibility to create something truly special in Pagosa Springs.