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    1231 N Academy Blvd Colorado Springs, CO 80909

    For Sale
    $1,250,000

    Restaurant building with high traffic, retail potential, and ample parking.

    Lot size:
    0.46 Acres

    Property Features for 1231 N Academy Blvd

    General Information

    Lot size
    0.46 Acres

    Building Details

    Year built
    1975

    Source: Forbes Park Realty Agent Stephen Teegardin

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

    Overview

    Established Restaurant Building For Sale

    This established building has operated as a restaurant since the late seventies. The property, with just under 5000 square feet of space and ample parking, presents significant potential. It is located on N Academy Blvd, below Wendy's and across the road from McDonald's and Arby's. The location offers Academy frontage and a west-facing orientation. The C-6 zoning allows for many uses, making it a suitable retail location for various types of businesses. Situated near a busy intersection, the property benefits from high traffic count and foot traffic. Two additional lots across the alley are available for sale separately.
    Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

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

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

    Similar Places Nearby

    Woodys Backyard Grill, Phat Boi BBQ Gourmet Dogs, Sausages & Burgers

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.7568004
    Latitude
    38.850308

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    FAQs

    What type of property is this?
    Restaurant - Restaurant building with high traffic, retail potential, and ample parking.
    Where is this restaurant located?
    The property is located at 1231 N Academy Blvd Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - High-traffic location on N Academy Blvd, near a busy intersection, McDonald's, and Arby's.; - Just under 5000 SF of space with ample parking.; - C-6 zoning allows for many business uses.
    (719) 379-7777
    Request Owner's contact information
    1231 N Academy Blvd Colorado Springs, CO 80909
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    Colorado Springs, CO 80909
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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
    1231 N Academy Blvd Colorado Springs, CO 80909
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