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Renovating Retail and Office Building
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5604-5676 N Union Blvd, Colorado Springs, CO 80918

Building is currently undergoing renovations and offers retail and office space with current NNNs noted at $4.30 PSF.

Property Size2,688 SF
Days on Market1391

Property Features for 5604-5676 N Union Blvd

General Information

Standard status Active
Size 2,688 SF
Property subtype RETAIL
Lease Type SF/yr
Listing Agency: Hoff & Leigh
Listed By: Guy Cox · License #FA.100075843
Source: Moodyscre
Added: Oct 11, 2022 Changed: Jul 25 Last Checked: Jul 25 at 9:35PM

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 Hoff & Leigh

Investment Insights

Based on property information with market context.

This retail/office building is currently undergoing renovations. Available spaces could support a mix of retail and office uses, with configurations suited to a range of tenants that need adaptable commercial space.

The property is located in central Colorado Springs with easy access to all parts of town. Current NNNs are listed at $4.30 PSF. Please call for more information and to set up a tour.

Key Highlights

  • Retail/office building currently undergoing renovations
  • Central Colorado Springs location with easy access to all parts of town
  • Available spaces could work for medical, office, or retail users

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Parking Lot & Garage Food Market Grocery & Convenience Store Cafe & Coffee Shop (Bike/Boat/Book/etc) Store

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

Lease Details

NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,763
Businesses Nearby

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

Lease Benchmarks for Colorado Springs, CO

$16.83 /SF/Yr
Avg Asking Price
$12–$26 /SF/Yr
Price Range
5,380 SF
Avg Space Size

This space is priced 29% below the average of $16.83 /SF/Yr.

Vacancy Rate% for Office in Colorado Springs, CO

7.9% 2019
8.1% 2020
9.3% 2021
8.5% 2022
10.6% 2023
9.5% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Building is currently undergoing renovations and offers retail and office space with current NNNs noted at $4.30 PSF.
Where is this retail space located?
The property is located at 5604-5676 N Union Blvd Colorado Springs, CO.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Retail/office building currently undergoing renovations; Central Colorado Springs location with easy access to all parts of town; Available spaces could work for medical, office, or retail users
(719) 357-7494 Call to check price and availability
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