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Colorado Springs Commercial Opportunity

707 E Moreno Avenue, Colorado Springs, CO 80903

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For Sale

$599,000

3,409 SF space on 17,110 SF lot in Colorado Springs.

Type:Commercial/Industrial

Property size:

3,409 SF

Lot size:

0.39 Acres

Price / SF:

$175/SF

HighLights

Prime commercial location in Colorado Springs with high visibility and convenient access.
Versatile C‑5 and CR zoning allows for a wide range of business types.
Substantial 3,409 SF space on a 17,110 SF lot.
Opportunity to establish and grow a business in a thriving market.
Dynamic surrounding area.
Property built in 1980.

We can help!

Listing Contact

Charles D'Alessio

For Sale

$599,000

3,409 SF space on 17,110 SF lot in Colorado Springs.

Type:Commercial/Industrial

Property size:

3,409 SF

Lot size:

0.39 Acres

Price / SF:

$175/SF

Added:: Dec 28, 2024
Days on Market:: 531
Last Refresh:: May 20 at 2:35 am

Property Features for 707 E Moreno Avenue

General Information

Standard status: Active
Size: 3,409 SF
Lot size: 0.39 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1980

We can help!

Listing Contact

Charles D'Alessio

Listing agent Charles D'Alessio License #40034206

Listing office Berkshire Hathaway HomeServices Synergy Realty Group

Listing date Dec 28, 2024

Source Exitrealty

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 Berkshire Hathaway HomeServices Synergy Realty Group

HighLights

Prime commercial location in Colorado Springs with high visibility and convenient access.
Versatile C‑5 and CR zoning allows for a wide range of business types.
Substantial 3,409 SF space on a 17,110 SF lot.
Opportunity to establish and grow a business in a thriving market.
Dynamic surrounding area.
Property built in 1980.

Overview

This commercial property in Colorado Springs offers a 3,409 square foot space on a 17,110 square foot lot. Zoned C-5 and CR, the property is suitable for an office, salon, cafÃ©, or other entrepreneurial ventures. The location provides high visibility and convenient access within a dynamic surrounding area, offering an opportunity to establish and grow a business in a thriving market.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$61.4k	$18.00
− Vacancy	−$2.8k	−$0.81
EGI	$58.6k	$17.19
− OpEx	−$17.6k	−$5.16
NOI	$41.0k	$12.03

3,409 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$586.0K

$512.8K – $683.7K (±1% cap)

NOI $41,020 @ 7.0% cap · market cap 6.85%

Second Best

Office B

$479.4K

$419.5K – $559.3K (±1% cap)

NOI $33,557 @ 7.0% cap · market cap 5.60%

Theoretical Best

Specialty Retail

$673.2K

$589.1K – $785.4K (±1% cap)

NOI $47,126 @ 7.0% cap · market cap 7.87%

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

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: Colorado Springs
County: El Paso
State: Colorado
Longitude: -104.813
Latitude: 38.8248

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For sale
Commercial land
CO
Colorado Springs
80903
707 E Moreno Avenue

What type of property is this?

Commercial land - 3,409 SF space on 17,110 SF lot in Colorado Springs.

Where is this commercial land located?

The property is located at 707 E Moreno Avenue Colorado Springs, CO.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: Prime commercial location in Colorado Springs with high visibility and convenient access.; Versatile C‑5 and CR zoning allows for a wide range of business types.; Substantial 3,409 SF space on a 17,110 SF lot.