Retail Building with Parking
2-14 E Bijou St Colorado Springs, CO 80903
New
For Sale
Contact for pricing
Multi-tenant retail building plus an adjacent parking lot at a corner near I-25 entrance to downtown.
Property Size7,640 SF
Lot Size0.33 Acres
Price / SF$354.38
Days on Market6
Property Features for 2-14 E Bijou St
General Information
Standard status
Active
Size
7,640 SF
Lot size
0.33 Acres
Property subtype
RETAIL
Listing Agency:
Olive Real Estate Partners, Inc.
(719) 660-2001
Listed By:
Ingrid Richter · License #EA.001318416
(719) 660-2001
Source:
Moodyscre
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 28 at 1:51PM
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 Olive Real Estate Partners, Inc.
Investment Insights
Based on property information with market context.
This two-parcel corner assemblage combines a 7,640 SF multi-tenant retail building with an adjacent 5,625 SF parking lot. The property is offered with in-place income from the retail building and additional development flexibility through the nearby parking parcel.
The assemblage is positioned for easy access to and from I-25 with visibility at the Downtown Colorado Springs entrance. It is located between Hilton Garden Inn and a city parking garage, near Tejon Street’s dining, retail, and entertainment corridor, as well as Acacia Park.
Zoned FBZ-COR (Form Based Zone – Corridor), the site allows mixed-use development. The property also lies within both an Opportunity Zone and an Enterprise Zone, with the Opportunity Zone incentive expiring October 2026 and Enterprise Zone programs including state income tax credits and sales and use tax exemptions for specific business investments.
The assemblage is positioned for easy access to and from I-25 with visibility at the Downtown Colorado Springs entrance. It is located between Hilton Garden Inn and a city parking garage, near Tejon Street’s dining, retail, and entertainment corridor, as well as Acacia Park.
Zoned FBZ-COR (Form Based Zone – Corridor), the site allows mixed-use development. The property also lies within both an Opportunity Zone and an Enterprise Zone, with the Opportunity Zone incentive expiring October 2026 and Enterprise Zone programs including state income tax credits and sales and use tax exemptions for specific business investments.
Key Highlights
- 14,250 SF, 2‑parcel corner assemblage at the I‑25 entrance to Downtown Colorado Springs
- 7,640 SF multi‑tenant retail building at 8‑14 E Bijou St with current income of about $100,000/yr
- Adjacent 5,625 SF parking lot at 2 E Bijou St for immediate development potential
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $137.5k | $18.00 |
| − Vacancy | −$6.2k | −$0.81 |
| EGI | $131.3k | $17.19 |
| − OpEx | −$39.4k | −$5.16 |
| NOI | $91.9k | $12.03 |
7,640 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.31M
$1.15M – $1.53M
NOI $91,932 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,615 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Multi-tenant retail building plus an adjacent parking lot at a corner near I-25 entrance to downtown.
Where is this retail space located?
The property is located at 2-14 E Bijou St Colorado Springs, CO.
What is the asking price?
The asking price for this property is $2,707,500.
What are key features of this property?
This property features: 14,250 SF, 2‑parcel corner assemblage at the I‑25 entrance to Downtown Colorado Springs; 7,640 SF multi‑tenant retail building at 8‑14 E Bijou St with current income of about $100,000/yr; Adjacent 5,625 SF parking lot at 2 E Bijou St for immediate development potential
