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Open Shell Flex Event Space
For Lease
$6.50 SF/Yr

2886 South Circle Drive, Colorado Springs, CO 80906

Large-format open shell with 10 to 18-foot clear heights and flexible zoning for assembly, fitness, and flex uses.

Space SizeContact for details
Property Size56,556 SF
Days on Market127

Property Features for 2886 South Circle Drive

General Information

Standard status Active
Size 56,556 SF
Total Parking Spaces 300
Property subtype Flex, Mixed Use
Zoning MX-M

Additional Details

Highway Access Yes
Clear Height 18 ft
Listing Agency: Hoff & Leigh
Listed By: Brian Canady
Source: Hoffleigh
Added: Apr 3 Changed: Jul 10 Last Checked: Aug 7 at 12:43AM

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 offering is a 56,559-square-foot open shell space that was formerly used as a ballroom or event facility. The wide-open layout is designed to support a variety of build-to-suit concepts, and the clear heights range from approximately 10 feet to 18 feet. The property is delivered in shell condition, giving an incoming user the ability to plan the interior improvements for its specific operational needs.

The space is located in central Colorado Springs with strong access to I-25. The site provides abundant on-site parking, with approximately 150 to 300 parking spaces available to support high-occupancy uses.

The property’s MX-M zoning supports a range of commercial and assembly-oriented uses by right, including assembly and fitness, as well as flex industrial applications. Ownership is open to demising the space and working with qualified tenants on deal structure, including tenant improvements and the potential for free rent. For tenants or operators seeking a flexible, large-format footprint with the ability to tailor the interior design, this configuration can be a practical starting point.

Key Highlights

  • ±56,559 SF open shell space formerly used as a ballroom/event space
  • Clear heights approximately 10' to 18' with a wide‑open, flexible layout
  • MX‑M zoning allows for a variety of commercial and assembly uses by right, including assembly, fitness, and flex uses

Property Analytics

Current Use

Oasis Event Center Hotel & Motel Alta Hotel Hotel & Motel Alta Apartments Apartment Complex ALTA Living Apartment Complex gsXsiempre (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Big Box & Wholesale Store HVAC Service Pharmacy Grocery & Convenience Store Auto Parts Store Furniture & Home Goods

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

18 ft
Clear height
Yes
Highway access
NNN (Triple Net)
Lease Type
$0.98 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,144
Businesses Nearby
Under-served
Demand for This Use

Demographics for 80906, CO

39,019
Population
16,771
Households
2.3
Avg Household Size
39
Median Age
49%
College-Educated
95%
High-School Grad
45.6 sq mi
ZIP Area
856
Density / Sq Mi
$88,047
Median Household Income
$47,314
Median Earnings
$1,634
Median Rent
$543,400
Median Home Value

Market

Lease Benchmarks for Colorado Springs, CO

$10.94 /SF/Yr
Avg Asking Price
$6.5–$13 /SF/Yr
Price Range
11,285 SF
Avg Space Size

This space is priced 41% below the average of $10.94 /SF/Yr.

Vacancy Rate% for Industrial in Colorado Springs, CO

4.9% 2019
5.5% 2020
4.7% 2021
4.9% 2022
3.5% 2023
3.8% 2024
5.9% 2025
Rey
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Similar Off Market Nearby

  • Big Kahuna Koffie & Kettle Corn Company LLC 1420 Harrison Rd, Colorado Springs, CO 80905

Frequently Asked Questions

What type of property is this?
Flex space - Large-format open shell with 10 to 18-foot clear heights and flexible zoning for assembly, fitness, and flex uses.
Where is this flex space located?
The property is located at 2886 South Circle Drive Colorado Springs, CO.
What is the lease rate?
The lease rate is $6.50 SF/Yr.
What are key features of this property?
This property features: ±56,559 SF open shell space formerly used as a ballroom/event space; Clear heights approximately 10' to 18' with a wide‑open, flexible layout; MX‑M zoning allows for a variety of commercial and assembly uses by right, including assembly, fitness, and flex uses
More about this property
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