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Downtown Colorado Springs Retail Building

206 N Tejon St, Colorado Springs, CO

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For Sale

Contact for pricing

Turn-of-the-century building in the heart of downtown.

Type:RETAIL

Property size:

7,500 SF

Lot size:

0.11 Acres

Price / SF:

$253/SF

HighLights

Prime Downtown Location in the retail heart of Colorado Springs, offering high visibility and accessibility.
Located in a Qualified Opportunity Zone and Enterprise Zone, providing special tax benefits.
Unique Architectural Features: Boasts 14’ ceilings, floor‑to‑ceiling brick walls, and skylights.
High Visibility with excellent street frontage attracts both pedestrian and vehicle traffic.
Proximity to Acacia Park, located directly across from the recently renovated park.
Ample Parking with convenient access to a city parking garage with 305 spaces.

We can help!

Listing Contact

Jeremy Shirley

For Sale

Contact for pricing

Turn-of-the-century building in the heart of downtown.

Type:RETAIL

Property size:

7,500 SF

Lot size:

0.11 Acres

Price / SF:

$253/SF

Added:: Oct 29, 2024
Days on Market:: 596
Last Refresh:: May 19 at 9:03 pm

Property Features for 206 N Tejon St

General Information

Standard status: Active
Size: 7,500 SF
Lot size: 0.11 Acres
Property subtype: RETAIL

Properties For Sale

at 206 N Tejon St Contact us

We can help!

Listing Contact

Jeremy Shirley

Listing agent Jeremy Shirley License #Co FA.100067771

Listing office Olive Real Estate Partners, Inc.

Listing date Oct 29, 2024

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of Olive Real Estate Partners, Inc.

HighLights

Prime Downtown Location in the retail heart of Colorado Springs, offering high visibility and accessibility.
Located in a Qualified Opportunity Zone and Enterprise Zone, providing special tax benefits.
Unique Architectural Features: Boasts 14’ ceilings, floor‑to‑ceiling brick walls, and skylights.
High Visibility with excellent street frontage attracts both pedestrian and vehicle traffic.
Proximity to Acacia Park, located directly across from the recently renovated park.
Ample Parking with convenient access to a city parking garage with 305 spaces.

Overview

Located at 206 N Tejon Street in downtown Colorado Springs, this turn-of-the-century building offers a rare ownership opportunity in the downtown market. The property features 14-foot ceilings, floor-to-ceiling brick walls, and skylights that provide abundant natural light. The building's historical features and fully utilizable lower level, combined with its flexible interior, make it suitable for modern renovations while preserving its unique architectural charm. The property is located directly across the street from Acacia Park, which recently underwent a $2 million renovation and attracts visitors from all over the city. Parking is available in the city parking garage directly behind the building, which offers 305 parking spaces. The property enjoys excellent street frontage and visibility to both pedestrian and vehicle traffic, making it ideal for retail, restaurant, or customer-facing businesses. The building is situated in a Qualified Opportunity Zone and Enterprise Zone, providing special tax incentives and credits for new and established businesses. The property size is 7500 square feet.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$144.0k	$19.20
− Vacancy	−$5.8k	−$0.77
EGI	$138.2k	$18.43
− OpEx	−$34.6k	−$4.61
NOI	$103.7k	$13.82

7,500 SF · lease $19.20/SF/yr · vacancy 4.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.48M

$1.30M – $1.73M (±1% cap)

NOI $103,680 @ 7.0% cap · market cap 5.46%

Second Best

Retail

$1.29M

$1.13M – $1.50M (±1% cap)

NOI $90,248 @ 7.0% cap · market cap 4.75%

Theoretical Best

—

same as Best Use

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

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Similar Places Nearby

KAE | Event Studio & Floral Boutique — 120 Pueblo Ave, Colorado Springs, CO 80903
Fantastic Flowers — 714 E Vermijo Ave, Colorado Springs, CO 80903
Snev Florist — 330 S Nevada Ave, Colorado Springs, CO 80903, United States
Colorado Springs Field Fresh Florist in Colorado Springs, Colorado — W Colorado Ave, Colorado Springs, CO 80903, United States
Bloom Bar & Co. Craft Floral Boutique — colorado springs, co 80903

Location Insight

Map
Local Demand

City: Colorado Springs
County: El Paso
State: Colorado
Longitude: -104.824
Latitude: 38.837

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What type of property is this?

Storefront property - Turn-of-the-century building in the heart of downtown.

Where is this storefront property located?

The property is located at 206 N Tejon St Colorado Springs, CO.

What is the asking price?

The asking price for this property is $1,900,000.

What are key features of this property?

This property features: Prime Downtown Location in the retail heart of Colorado Springs, offering high visibility and accessibility.; Located in a Qualified Opportunity Zone and Enterprise Zone, providing special tax benefits.; Unique Architectural Features: **Boasts 14’ ceilings, floor‑to‑ceiling brick walls, and skylights.**

206 N Tejon St, Colorado Springs, CO

Turn-of-the-century building in the heart of downtown.

Property Features for 206 N Tejon St

General Information

Properties For Sale

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Colorado Springs Flex Office/Warehouse

Freestanding Industrial Building For Sale

Turnkey Restaurant Opportunity

Industrial Campus with 3,000 Amp Power

New Duplex in Creekwalk

New Duplex Near UCCS

Income Property Near Memorial Hospital

Colorado Springs Multi-Family Acreage

Side-by-Side Duplex With Finished Basements

Duplex with Separate Cottage

Historic Triplex with In-Unit Laundry

Remodeled Duplex Near Broadmoor

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