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    1-3 S Nevada Ave Colorado Springs, CO 80903

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    For Lease
    $10 SF/Yr ($9,625 /Mo)

    Event center/restaurant space with potential for creative office repurposing.

    Property size:
    11,550 SF
    Lot size:
    0.85 Acres

    Property Features for 1-3 S Nevada Ave

    General Information

    Size
    11,550 SF
    Lot size
    0.85 Acres

    Source: Fountain Colony LLC Agent Gary Feffer, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Event Center/Restaurant Space

    The property is currently built out as an event center and restaurant. Suite #110 features a full kitchen, bar, stage, and updated restrooms. The space has potential to be repurposed into creative office space. It features high ceilings, exposed ducting, and concrete floors, along with a break/bar area. The building, Bancorp Plaza, has a completely renovated exterior and interior, including common areas and the lobby. Interior and exterior building signage is available. Covered on-site parking is available, and there is a city garage directly across Nevada Avenue. Current building tenants include Cross First Bank (Busey Corp), Wounded Warriors Project, Corundum Group, USI Insurance Services, and General Services Administration. The property size is 11550 square feet.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Law Firm Nail Salon

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

    Similar Places Nearby

    Bennetts Bar B Que Catering, Rooster's Flock Parties & Events, LiL' Howard's BBQ and Catering, Susanna's Comfort Cuisine Bistro and Bar, LUSH F2F

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.8211719
    Latitude
    38.8328

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    FAQs

    What type of property is this?
    Restaurant - Event center/restaurant space with potential for creative office repurposing.
    Where is this restaurant located?
    The property is located at 1-3 S Nevada Ave Colorado Springs, CO.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Completely renovated exterior and interior, including common areas and lobby.; - Current buildout as an event center/restaurant featuring a full kitchen, bar, stage, and updated restrooms.; - Potential to repurpose the space into creative office space.
    (719) 389-1301
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    1-3 S Nevada Ave Colorado Springs, CO 80903
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    Colorado Springs, CO 80903
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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
    1-3 S Nevada Ave Colorado Springs, CO 80903
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