Standalone Commercial
New
For Sale
$575,000
302 E Platte Ave, Colorado Springs, CO 80903
Equipped food-preparation space includes customer seating, an office, basement storage, and a service window.
Property Size1,309 SF
Price / SF$439.27
Days on Market5
Property Features for 302 E Platte Ave
General Information
Standard status
Active
Size
1,309 SF
Property subtype
Restaurant
Zoning
C6 UV / Retail
Site & Location
Corner Location
Yes
Road Access
Yes
Amenities
abundant natural light
Pikes Peak views
commercial kitchen
hood
ovens
stove
refrigeration
grease interceptor
upgraded electrical
service/seating area
two restrooms
private office
basement storage
food-service window
new windows
excellent signage visibility
ADA-Compliant Customer Restroom
walkable location
Building Details
Buildings
1
Listing Agency:
Hoff & Leigh
(719) 630-2277
Listed By:
Holly Trinidad · License #ER.100022369
(719) 337-0999
Source:
Hoffleigh
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 9 at 4:10PM
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 1,309-square-foot standalone commercial property is configured for food preparation and customer service. Kitchen equipment includes a hood, ovens, a stove, refrigeration, a grease interceptor, and upgraded electrical service. Additional features include a service and seating area, two restrooms, a private office, basement storage, and a food-service window. The building has new windows and has been recently painted; views of Pikes Peak are also noted.
At 302 E Platte Ave, the property sits at the intersection of Platte Avenue and Weber Street in Downtown Colorado Springs. Palmer High School and the YMCA are nearby. Zoning is C6 UV / Retail.
At 302 E Platte Ave, the property sits at the intersection of Platte Avenue and Weber Street in Downtown Colorado Springs. Palmer High School and the YMCA are nearby. Zoning is C6 UV / Retail.
Key Highlights
- 1,309 SF standalone commercial building
- Commercial kitchen includes hood, ovens, stove, refrigeration, and grease interceptor
- Service and seating area with food‑service window
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,096
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,920
$361.9K
Cap Rate 7%
$258,514
$258.5K
Cap Rate 9%
$201,067
$201.1K
Market Conditions
NOI Build-Up for 1,309 SF
Gross rent
$25.1K $19.20/SF
− Vacancy
−$1.0K −$0.77/SF
EGI
$24.1K $18.43/SF
− OpEx
−$6.0K −$4.61/SF
NOI
$18.1K $13.82/SF
Area
Colorado Springs, CO
Vacancy
4.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,920
Cap Rate 7%
$258,514
Cap Rate 9%
$201,067
Alternative Uses
Best Use
Specialty Retail
$258.5K
$226.2K – $301.6K
NOI $18,096 @ 7.0% cap · market cap 3.15%
Second Best
Industrial
$169.7K
$148.5K – $198.0K
NOI $11,878 @ 7.0% cap · market cap 2.07%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,716
Businesses Nearby
110k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Shops & Services 19%
Hotels & Casinos 6%
Electronics 2%
McDonald's
Dining
25,596 visits/mo
0.1 miles
Dutch Bros. Coffee
Dining
16,776 visits/mo
0.4 miles
Taco Bell
Dining
10,363 visits/mo
0.1 miles
Carl's Jr.
Dining
9,767 visits/mo
0.2 miles
Wendy's
Dining
8,827 visits/mo
0.1 miles
Demographics for 80903, CO
15,944
Population
8,340
Households
1.9
Avg Household Size
34
Median Age
39%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$59,292
Median Household Income
$35,251
Median Earnings
$1,221
Median Rent
$420,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Colorado Springs, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Equipped food-preparation space includes customer seating, an office, basement storage, and a service window.
Where is this commercial kitchen located?
The property is located at 302 E Platte Ave Colorado Springs, CO.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1,309 SF standalone commercial building; Commercial kitchen includes hood, ovens, stove, refrigeration, and grease interceptor; Service and seating area with food‑service window
