Property profile

124 Delaware Dr Colorado Springs, CO 80909

OFF-MARKET
Specialty properties
Property ID
US13-2794917
15,302 SF 1.66 ac lot
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Property summary

AI-generated overview

This exceptional 15,302-square-foot church property, located at 124 Delaware Dr in Colorado Springs, Colorado, is offered at $2,250,000. Situated on a 1.66-acre lot, this single-story building boasts a spacious sanctuary with seating for approximately 325 people. Ample parking is provided with 102 spaces on-site, supplemented by an additional 20 street parking spaces. The property benefits from significant renovations completed in 2018, including a new roof and HVAC systems. The property is currently 100% occupied and zoned MX-L CU AO, offering versatile usage potential beyond religious purposes. Potential alternative uses include schools, rehabilitation facilities, fitness centers, and automotive uses, all permitted under the existing zoning. This well-maintained property presents a unique opportunity for a variety of businesses or organizations seeking a substantial and conveniently located facility in a thriving Colorado Springs neighborhood with easy access to Academy and Platte. The property's size, parking capacity, and recent renovations make it an attractive investment. The zip code is 80909.

Property profile

Verified
Property type Specialty properties
Total area 15,302 SF
Lot 1.66 ac (72,310 SF)
UPID US13-2794917

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church
  • Food Bank Charitable Organization

Location

124 Delaware Dr Colorado Springs, CO 80909
Colorado Springs metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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