Single-Story Retail
For Sale
Contact for pricing
307 S Hancock Ave, Colorado Springs, CO 80903
Single-story retail building with flexible MX-M zoning for a range of commercial uses.
Property Size5,916 SF
Lot Size0.41 Acres
Price / SF$228.19
Days on Market107
Property Features for 307 S Hancock Ave
General Information
Standard status
Active
Size
5,916 SF
Lot size
0.41 Acres
Property subtype
RETAIL
Zoning
MX-M
Building Details
Stories
1
Listing Agency:
Peak Commercial Properties
(719) 227-9987
Listed By:
Jason Castro · License #ER.100092537
(719) 759-9935
Source:
Moodyscre
Added: Jun 26
Changed: Sep 10
Last Checked: Oct 7 at 9:36AM
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 Peak Commercial Properties
Investment Insights
Based on property information with market context.
307-321 S Hancock Avenue is a single-story retail building totaling 5,916 square feet on approximately 0.41 acres. The property offers a functional, adaptable layout that can support a variety of retail or commercial uses, making it suitable for both owner-users and investors.
The building is located in the Downtown submarket of Colorado Springs and provides direct access to the city’s primary retail and civic corridors.
With MX-M zoning, the property is positioned to accommodate a broad range of commercial uses, subject to approval of specific activities. This flexibility, combined with the single-story retail configuration, makes the asset a practical option for tenants or buyers seeking a downtown storefront-style property that can be tailored to their operating needs.
The building is located in the Downtown submarket of Colorado Springs and provides direct access to the city’s primary retail and civic corridors.
With MX-M zoning, the property is positioned to accommodate a broad range of commercial uses, subject to approval of specific activities. This flexibility, combined with the single-story retail configuration, makes the asset a practical option for tenants or buyers seeking a downtown storefront-style property that can be tailored to their operating needs.
Key Highlights
- Single‑story retail building totaling 5,916 SF
- About 0.41 acres of land
- MX‑M zoning allows broad commercial use flexibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,187
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,423,740
$1.4M
Cap Rate 7%
$1,016,957
$1.0M
Cap Rate 9%
$790,967
$791.0K
Market Conditions
NOI Build-Up for 5,916 SF
Gross rent
$106.5K $18.00/SF
− Vacancy
−$4.8K −$0.81/SF
EGI
$101.7K $17.19/SF
− OpEx
−$30.5K −$5.16/SF
NOI
$71.2K $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%
$1,423,740
Cap Rate 7%
$1,016,957
Cap Rate 9%
$790,967
Alternative Uses
Best Use
Retail
$1.02M
$889.8K – $1.19M
NOI $71,187 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.17M
$1.02M – $1.36M
NOI $81,783 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
842
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
8,273 visits/mo
0.4 miles
7-Eleven
Shops & Services
3,808 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
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Market
Vacancy Rate% for Retail in Colorado Springs, CO
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Frequently Asked Questions
What type of property is this?
Retail space - Single-story retail building with flexible MX-M zoning for a range of commercial uses.
Where is this retail space located?
The property is located at 307 S Hancock Ave Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Single‑story retail building totaling 5,916 SF; About 0.41 acres of land; MX‑M zoning allows broad commercial use flexibility
