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Corner Retail NNN Pharmacy Building
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311 S Nevada Ave, Colorado Springs, CO 80903

Recently remodeled corner building in Downtown Colorado Springs, operating under a short-term NNN lease with Ivywild Pharmacy.

Property SizeContact for details
Days on Market97

Property Features for 311 S Nevada Ave

General Information

Standard status Active
Property subtype OFFICE

Site & Location

Neighborhood Downtown

Building Details

Year Built 1952
Listing Agency: Thrive Commercial Partners
Listed By: Sam Cameron · License #FA.040012659
Source: Thrivecommercialpartners
Added: Jul 24 Changed: Oct 25 Last Checked: Oct 26 at 12:42PM

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 Thrive Commercial Partners

Rey
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Investment Insights

Based on property information with market context.

This recently remodeled corner retail building is offered for sale as an NNN property. The property is currently leased on a short-term NNN basis to Ivywild Pharmacy.

Located at the corner of Nevada Ave. and Vermijo Ave. in Downtown Colorado Springs, the building sits between the well-trafficked downtown strip and the S. Nevada shopping and dining corridor. It is also within walking distance of multiple new apartment buildings, supporting consistent local demand.

The building totals 2,081 square feet and is configured for retail pharmacy use under the existing lease.

Key Highlights

  • Recently remodeled corner building for sale at the intersection of Nevada Ave. and Vermijo Ave. in Downtown Colorado Springs
  • Located between the downtown strip and the S. Nevada shopping and dining corridor
  • Walking distance to multiple new apartment buildings

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Ivywild Pharmacy Pharmacy

Suggested Use

Top Pick Garden Center Electrical Service Pet Grooming Service (Bike/Boat/Book/etc) Store Veterinary Clinic Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,437
Businesses Nearby
68k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 36% Dining 33% Hotels & Casinos 27% Electronics 3%
Dutch Bros. Coffee Dining
16,776 visits/mo 0.2 miles
SpringHill Suites by Marriott Colorado Springs Downtown Hotels & Casinos
11,361 visits/mo 0.2 miles
7-Eleven Shops & Services
6,746 visits/mo 0.3 miles
Wells Fargo Shops & Services
4,826 visits/mo 0.3 miles
Cycle Gear Shops & Services
4,759 visits/mo 0.3 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

5.9% 2020
5.5% 2021
5% 2022
6.3% 2023
6.4% 2024
6.2% 2025

Similar Off Market Nearby

  • Life Boostr — 329 e cimarron st, colorado springs, co 80903
  • TLC Pharmacy — 555 E Costilla St, Colorado Springs, CO 80903
  • Misty R. Meister, PharmD — 27 E Vermijo Ave, Colorado Springs, CO 80903, United States
  • Tammy J. Lopez, PharmD — 27 E Vermijo Ave, Colorado Springs, CO 80903, United States
  • Ivywild Pharmacy — 311 S Nevada Ave, Colorado Springs, CO 80903

Frequently Asked Questions

What type of property is this?
Drug store - Recently remodeled corner building in Downtown Colorado Springs, operating under a short-term NNN lease with Ivywild Pharmacy.
Where is this drug store located?
The property is located at 311 S Nevada Ave Colorado Springs, CO.
What are key features of this property?
This property features: Recently remodeled corner building for sale at the intersection of Nevada Ave. and Vermijo Ave. in Downtown Colorado Springs; Located between the downtown strip and the S. Nevada shopping and dining corridor; Walking distance to multiple new apartment buildings
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