Neighborhood Retail
For Sale
Contact for pricing
5002 N Academy Blvd, Colorado Springs, CO 80918
Park Place Plaza is a multi-building neighborhood retail center featuring a kiosk and is 64.4% leased.
Property Size34,356 SF
Days on Market135
Property Features for 5002 N Academy Blvd
General Information
Standard status
Active
Size
34,356 SF
Property subtype
Retail
Occupancy
64%
Additional Details
Traffic Count
77,000 vehicles/day
Building Details
Tenancy
Multi
Listing Agency:
CBRE - Denver Downtown
Listed By:
Matthew Henrichs · License #CO FA.100007009
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 10:52AM
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 CBRE - Denver Downtown
Investment Insights
Based on property information with market context.
Park Place Plaza is a neighborhood retail center totaling 34,356 square feet, developed as one multitenant building, one single-tenant building, and a kiosk. The center is currently 64.4% leased and is offered free and clear of any existing financing on an “as-is / where-is” basis.
The property is located at the signalized intersection of North Academy Boulevard and Union Boulevard, providing drive-by exposure along North Academy Boulevard with more than 77,000 vehicles per day. Nearby retailers at the shared intersection include Safeway, Target, Wells Fargo, and Chipotle, supporting convenient access and traffic flow.
With a mix of building types and a kiosk presence, Park Place Plaza offers an investor platform with in-place tenancy and a leasing and configuration footprint designed for neighborhood retail occupancy.
The property is located at the signalized intersection of North Academy Boulevard and Union Boulevard, providing drive-by exposure along North Academy Boulevard with more than 77,000 vehicles per day. Nearby retailers at the shared intersection include Safeway, Target, Wells Fargo, and Chipotle, supporting convenient access and traffic flow.
With a mix of building types and a kiosk presence, Park Place Plaza offers an investor platform with in-place tenancy and a leasing and configuration footprint designed for neighborhood retail occupancy.
Key Highlights
- 34,356 SF neighborhood retail center featuring one multitenant building, one single‑tenant building, and a kiosk
- Currently 64.4% leased with in‑place income
- Dominant positioning along North Academy Boulevard near the signalized intersection with Union Boulevard
Property Analytics
Property Profile
Current Use
Lease Details
77,000 VPD
Traffic count
64.4%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,504
Businesses Nearby
229k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 42%
Dining 36%
Groceries 12%
Shops & Services 5%
Target
Superstores
95,088 visits/mo
0.4 miles
McDonald's
Dining
28,143 visits/mo
0.4 miles
Safeway
Groceries
27,075 visits/mo
0.2 miles
Panda Express
Dining
14,129 visits/mo
0.0 miles
Wendy's
Dining
13,053 visits/mo
0.4 miles
Demographics for 80918, CO
47,453
Population
20,447
Households
2.3
Avg Household Size
37
Median Age
38%
College-Educated
95%
High-School Grad
12.0 sq mi
ZIP Area
3,954
Density / Sq Mi
$82,743
Median Household Income
$42,596
Median Earnings
$1,572
Median Rent
$414,400
Median Home Value
Market
Vacancy Rate% for Retail in Colorado Springs, CO
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Similar Off Market Nearby
- Park Place Shopping Center — 5030 n academy blvd, colorado springs, co 80918
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Frequently Asked Questions
What type of property is this?
Shopping center - Park Place Plaza is a multi-building neighborhood retail center featuring a kiosk and is 64.4% leased.
Where is this shopping center located?
The property is located at 5002 N Academy Blvd Colorado Springs, CO.
What are key features of this property?
This property features: 34,356 SF neighborhood retail center featuring one multitenant building, one single‑tenant building, and a kiosk; Currently 64.4% leased with in‑place income; Dominant positioning along North Academy Boulevard near the signalized intersection with Union Boulevard
