Storefront Retail
2339 E Platte Pl, Colorado Springs, CO 80909
For Sale
$1,400,000
MX-L zoning supports commercial and mixed-use use potential near Academy Boulevard and Interstate 25.
Property Size7,680 SF
Days on Market52
Property Features for 2339 E Platte Pl
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Building Details
Building Size
Year Built
Listing Agency:
Pinnacle Real Estate Advisors
Listed By:
Ellie Stanton · License CO #100110206
(719) 373-7313
Source:
Pinnaclerea
Added: Sep 22
Changed: Oct 25
Last Checked: Nov 12 at 5:28AM
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 Pinnacle Real Estate Advisors
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Investment Insights
Based on property information with market context.
Built in 1949, this storefront property is positioned for either single-tenant or multi-tenant occupancy. The asset carries MX-L zoning, supporting commercial and mixed-use use potential. Its configuration is suited to an owner-user seeking a property with flexible occupancy possibilities.
The property is located near Academy Boulevard and Interstate 25, with access to surrounding commercial corridors. Nearby businesses represent retail, office, automotive, and service-oriented uses, creating an established commercial setting.
The property is located near Academy Boulevard and Interstate 25, with access to surrounding commercial corridors. Nearby businesses represent retail, office, automotive, and service-oriented uses, creating an established commercial setting.
Key Highlights
- MX‑L zoning with commercial and mixed‑use use potential
- Built in 1949
- Suitable for single‑tenant or multi‑tenant occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,413
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,848,260
$1.8M
Cap Rate 7%
$1,320,186
$1.3M
Cap Rate 9%
$1,026,811
$1.0M
Market Conditions
NOI Build-Up for 7,680 SF
Gross rent
$138.2K $18.00/SF
− Vacancy
−$6.2K −$0.81/SF
EGI
$132.0K $17.19/SF
− OpEx
−$39.6K −$5.16/SF
NOI
$92.4K $12.03/SF
Area
Colorado Springs, CO
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,848,260
Cap Rate 7%
$1,320,186
Cap Rate 9%
$1,026,811
Alternative Uses
Best Use
Retail
$1.32M
$1.16M – $1.54M
NOI $92,413 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.52M
$1.33M – $1.77M
NOI $106,168 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,032
Businesses Nearby
100k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 36%
Dutch Bros. Coffee
Dining
16,897 visits/mo
0.4 miles
Burger King
Dining
15,207 visits/mo
0.5 miles
Starbucks
Dining
15,191 visits/mo
0.4 miles
Maverik Adventures First Stop
Shops & Services
13,282 visits/mo
0.4 miles
Taco Bell
Dining
12,355 visits/mo
0.5 miles
Demographics for 80909, CO
37,302
Population
16,572
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,722
Density / Sq Mi
$61,777
Median Household Income
$36,894
Median Earnings
$1,227
Median Rent
$352,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Storefront properties in Colorado Springs
Vacancy Rate% for Retail in Colorado Springs, CO
Similar Off Market Nearby
- All Colorado Springs Same Day Flower Delivery — 255 S Circle Dr, Colorado Springs, CO 80910, United States
- Jasmine Flowers & Gifts — 1722 E Bijou St, Colorado Springs, CO 80909
- Mama Bears Flowers Colorado Springs — 511 N Union Blvd, Colorado Springs, CO 80909
- Florería Camila — 825 N Circle Dr, Colorado Springs, CO 80909
- Annette Marie Florals — 2122 E San Rafael St, Colorado Springs, CO 80909
Frequently Asked Questions
What type of property is this?
Storefront property - MX-L zoning supports commercial and mixed-use use potential near Academy Boulevard and Interstate 25.
Where is this storefront property located?
The property is located at 2339 E Platte Pl Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: MX‑L zoning with commercial and mixed‑use use potential; Built in 1949; Suitable for single‑tenant or multi‑tenant occupancy
