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    308 S El Paso St Colorado Springs, CO 80903

    For Sale
    $90,000

    Land zoned R-2 near downtown, Memorial Park, and Shooks Run.

    Property Features for 308 S El Paso St

    General Information

    Standard status
    Active

    Source: ARMSTRONG REAL ESTATE COMPANY Agent DANIEL ARMSTRONG

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Lot Near Amenities

    This lot is located close to downtown amenities, Memorial Park, and Shooks Run Trail. Zoned R-2, it offers building and investment opportunities. The adjoining three lots are also available, and the seller prefers all lots to be sold to the same buyer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Daycare Center Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.81353
    Latitude
    38.829227

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    FAQs

    What type of property is this?
    Land - Land zoned R-2 near downtown, Memorial Park, and Shooks Run.
    Where is this land located?
    The property is located at 308 S El Paso St Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $90,000.
    What are key features of this property?
    This property features: - Close proximity to downtown amenities.; - Zoned R-2, offering significant building/investment opportunities.; - Adjacent to Memorial Park and Shooks Run Trail.
    (719) 323-4904
    Request Owner's contact information
    308 S El Paso St Colorado Springs, CO 80903
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    Colorado Springs, CO 80903
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    308 S El Paso St Colorado Springs, CO 80903
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