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    2616 W Colorado Ave Colorado Springs, CO 80904

    Picture of Shopping centers at W Colorado Ave 2616, Colorado Springs, CO
    For Sale
    $3,250,000

    COMMERCIAL - Colorado Springs, CO

    Type:Retail
    Lot size:
    0.69 Acres
    Days on Market:
    119
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 2616 W Colorado Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Lot size
    0.69 Acres

    Building Details

    Year built
    1982

    McGraw, REALTORS - Pikes Peak Group (719) 634-0500 [email protected]

    Listing agent Chuck Armstrong (719) 231-3545

    Listing date Aug 9, 2025

    Copyright © 2025 Pikes Peak Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Colorado Springs Commercial Site For Sale

    This commercial site is located in the heart of Old Colorado City, approximately half a block west of the 26th Street intersection and three blocks north of US Highway 24, an area characterized by high traffic and tourism. The site spans 30,000 square feet, according to the assessor, and includes five buildings with a total square footage of 16,413. The buildings were constructed in 1951, 1951, 1975, 1981, and 1982. The property is zoned Colorado Springs Commercial MX-M. It features 43 off-street parking spaces and is located near a city parking lot. The buildings mostly have open floor plans, and most units include a private bathroom. The property is anchored by Jake & Telly's Greek restaurant and Yellow Mountain Tea House.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Yellow Mountain Tea ... Restaurant Merlin's Realm Magic Store Yeden CBD Store Whimsy Well Wellness Center Watergirls Wellness Health Consultant

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Old Town Plaza, Coin Cloud Bitcoin ATM, Coinstar Kiosk - Bitcoin ATM, Shop Old Colorado City

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.86452
    Latitude
    38.848781

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    FAQs

    What type of property is this?
    Shopping center - Commercial site in high-traffic, tourism area near Highway 24.
    Where is this shopping center located?
    The property is located at 2616 W Colorado Ave Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Old Colorado City, a high-traffic and tourism area.; - Substantial 30,000 square foot site with 5 buildings totaling 16,413 square feet.; - Zoned Commercial MX-M, offering diverse business opportunities.
    (719) 231-3545
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    2616 W Colorado Ave Colorado Springs, CO 80904
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    Colorado Springs, CO 80904
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2616 W Colorado Ave Colorado Springs, CO 80904
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