Building Details

Year Built 1952

Listing Agency: Thrive Commercial Partners h***@cameronbutcher.com Show Phone

Listed By: Sam Cameron · License #CO-040041260 Show Phone

Source: Thrivecommercialpartners

Added: Jul 24 Changed: Aug 28 Last Checked: Aug 31 at 12:49PM

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Investment Insights

Based on property information with market context.

This recently remodeled corner retail building is offered for sale as an NNN property. The property is currently leased on a short-term NNN basis to Ivywild Pharmacy.

Located at the corner of Nevada Ave. and Vermijo Ave. in Downtown Colorado Springs, the building sits between the well-trafficked downtown strip and the S. Nevada shopping and dining corridor. It is also within walking distance of multiple new apartment buildings, supporting consistent local demand.

The building totals 2,081 square feet and is configured for retail pharmacy use under the existing lease.

Key Highlights

• Recently remodeled corner building for sale at the intersection of Nevada Ave. and Vermijo Ave. in Downtown Colorado Springs
• Located between the downtown strip and the S. Nevada shopping and dining corridor
• Walking distance to multiple new apartment buildings

Property Analytics

Property Profile

Current Use

Ivywild Pharmacy Pharmacy

Suggested Use

Top Pick Garden Center Electrical Service Pet Grooming Service (Bike/Boat/Book/etc) Store Veterinary Clinic Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,437

Businesses Nearby

68k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 36% Dining 33% Hotels & Casinos 27% Electronics 3%

Dutch Bros. Coffee Dining

16,776 visits/mo 0.2 miles

SpringHill Suites by Marriott Colorado Springs Downtown Hotels & Casinos

11,361 visits/mo 0.2 miles

7-Eleven Shops & Services

6,746 visits/mo 0.3 miles

Wells Fargo Shops & Services

4,826 visits/mo 0.3 miles

Cycle Gear Shops & Services

4,759 visits/mo 0.3 miles

Demographics for 80903, CO

15,944

Population

8,340

Households

1.9

Avg Household Size

34

Median Age

39%

College-Educated

95%

High-School Grad

5.4 sq mi

ZIP Area

2,953

Density / Sq Mi

$59,292

Median Household Income

$35,251

Median Earnings

$1,221

Median Rent

$420,000

Median Home Value

Market

Vacancy Rate% for Retail in Colorado Springs, CO

5.9% 2020

5.5% 2021

5% 2022

6.3% 2023

6.4% 2024

6.2% 2025

Questions? Ask Rey

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Similar Off Market Nearby

• Life Boostr — 329 e cimarron st, colorado springs, co 80903
• TLC Pharmacy — 555 E Costilla St, Colorado Springs, CO 80903
• Misty R. Meister, PharmD — 27 E Vermijo Ave, Colorado Springs, CO 80903, United States
• Tammy J. Lopez, PharmD — 27 E Vermijo Ave, Colorado Springs, CO 80903, United States
• Ivywild Pharmacy — 311 S Nevada Ave, Colorado Springs, CO 80903

Frequently Asked Questions

What type of property is this?

Drug store - Recently remodeled corner building in Downtown Colorado Springs, operating under a short-term NNN lease with Ivywild Pharmacy.

Where is this drug store located?

The property is located at 311 S Nevada Ave Colorado Springs, CO.

What are key features of this property?

This property features: Recently remodeled corner building for sale at the intersection of Nevada Ave. and Vermijo Ave. in Downtown Colorado Springs; Located between the downtown strip and the S. Nevada shopping and dining corridor; Walking distance to multiple new apartment buildings