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Retail Redevelopment Opportunity

3001-3069 S Academy Blvd, Colorado Springs, CO

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For Sale

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Value-add retail redevelopment in a high-growth area.

Type:RETAIL

Property size:

44,089 SF

Lot size:

4.01 Acres

Price / SF:

$149/SF

HighLights

Value‑add opportunity in the fastest‑growing zip code in Colorado Springs.
Located at the highly trafficked Academy and Hancock intersection in the high‑growth airport trade area.
Priced at a 7.25% cap rate and well below replacement cost.
99,350 sq. ft. of recently remodeled and fully leased retail space across 4 buildings.
High‑density residential development planned, with master‑planned communities under development.
Proximity to Ft. Carson, the largest employer in Colorado Springs, driving growth in the area.

We can help!

Listing Contact

Matthew Craddock

Learn more

For Sale

Contact for pricing

Value-add retail redevelopment in a high-growth area.

Type:RETAIL

Property size:

44,089 SF

Lot size:

4.01 Acres

Price / SF:

$149/SF

Added:: Aug 12, 2025
Days on Market:: 307
Last Refresh:: May 20 at 8:21 pm

Property Features for 3001-3069 S Academy Blvd

General Information

Standard status: Active
Size: 44,089 SF
Lot size: 4.01 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Matthew Craddock

Listing agent Matthew Craddock

Listing office Craddock Commercial Real Estate

Listing date Aug 12, 2025

Source Moodyscre

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 Craddock Commercial Real Estate

HighLights

Value‑add opportunity in the fastest‑growing zip code in Colorado Springs.
Located at the highly trafficked Academy and Hancock intersection in the high‑growth airport trade area.
Priced at a 7.25% cap rate and well below replacement cost.
99,350 sq. ft. of recently remodeled and fully leased retail space across 4 buildings.
High‑density residential development planned, with master‑planned communities under development.
Proximity to Ft. Carson, the largest employer in Colorado Springs, driving growth in the area.

Overview

This retail redevelopment opportunity is located at the intersection of Academy and Hancock, within the high-growth airport trade area of Colorado Springs. The location benefits from high traffic and planned high-density residential developments. Fort Carson, the largest employer in Colorado Springs with approximately 26,000 civilian and military personnel, is a primary driver of growth in the area. The revival of the Colorado Springs Airport and the growth of a younger demographic contribute to the area's potential. The portfolio includes 4 buildings totaling 99,350 square feet of recently remodeled and fully leased retail space. The property consists of 44,089 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$793.6k	$18.00
− Vacancy	−$35.7k	−$0.81
EGI	$757.9k	$17.19
− OpEx	−$227.4k	−$5.16
NOI	$530.5k	$12.03

44,089 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$7.58M

$6.63M – $8.84M (±1% cap)

NOI $530,523 @ 7.0% cap · market cap 8.03%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$8.71M

$7.62M – $10.16M (±1% cap)

NOI $609,486 @ 7.0% cap · market cap 9.23%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Shopping centers

Suggested Use

Similar Places Nearby

Southpointe Plaza — 503 Milton E Proby Pkwy, Colorado Springs, CO 80910
Colorado MV Express Kiosk — 2910 S Academy Blvd, Colorado Springs, CO 80916
Club tomorrow — 3768 astrozon blvd, colorado springs, co 80910
Pikes Peek Tours — 3465 Astrozon Pl, Colorado Springs, CO 80910
Coinstar Kiosk | Bitcoin ATM — Kroger - King Soopers, 2910 S Academy Blvd, Colorado Springs, CO 80916

Location Insight

Map
Local Demand

City: Colorado Springs
County: El Paso
State: Colorado
Longitude: -104.756
Latitude: 38.7881

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For sale
Shopping centers
CO
Colorado Springs
3001-3069 S Academy Blvd

What type of property is this?

Shopping center - Value-add retail redevelopment in a high-growth area.

Where is this shopping center located?

The property is located at 3001-3069 S Academy Blvd Colorado Springs, CO.

What is the asking price?

The asking price for this property is $6,603,015.

What are key features of this property?

This property features: Value‑add opportunity in the fastest‑growing zip code in Colorado Springs.; Located at the highly trafficked Academy and Hancock intersection in the high‑growth airport trade area.; Priced at a 7.25% cap rate and well below replacement cost.

3001-3069 S Academy Blvd, Colorado Springs, CO

Value-add retail redevelopment in a high-growth area.

Property Features for 3001-3069 S Academy Blvd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Colorado Springs Flex Office/Warehouse

Freestanding Industrial Building For Sale

Turnkey Restaurant Opportunity

Industrial Campus with 3,000 Amp Power

New Duplex in Creekwalk

New Duplex Near UCCS

Colorado Springs Multi-Family Acreage

New Duplex in Westside Location

Income Property Near Memorial Hospital

Side-by-Side Duplex With Finished Basements

Duplex with Separate Cottage

Historic Triplex with In-Unit Laundry

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