Corner Retail Building
For Sale
Contact for pricing
8 East Bijou Street, Colorado Springs, CO 80903
Retail building offered for sale with current income near $100,000 per year on two adjoining parcels.
Property Size7,640 SF
Lot Size0.33 Acres
Price / SF$354.38
Days on Market124
Property Features for 8 East Bijou Street
General Information
Standard status
Active
Size
7,640 SF
Lot size
0.33 Acres
Property subtype
Retail, Land
Zoning
FBZ-COR
Investment Type
Redevelopment
Site & Location
Neighborhood
Downtown
Highway Access
Yes
Additional Details
Opportunity Zone
Yes
Building Details
Tenancy
Multi
Listing Agency:
Olive Real Estate Group
Listed By:
James DiBiase · License #CO EA.001318416
(719) 330-6008
Source:
Crexi
Added: Jun 22
Changed: Oct 10
Last Checked: Oct 23 at 6:41AM
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 Olive Real Estate Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property includes a retail building positioned on a total of two parcels, with 2 E Bijou Street operating as a parking lot and 8–14 E Bijou Street serving as the retail building lot. Retail is carried on an 8,625 SF lot, and the overall site totals 14,250 SF. Zoning is listed as FBZ-COR (Form Based Zone – Corridor). Current income is approximately $100,000 per year.
The site is located at the corner of a very busy intersection and is described as near the entrance to Downtown, with easy access to and from I-25. The property is also identified as being located between Hilton Garden Inn and a city parking garage.
Additional incentives noted in the remarks include an Opportunity Zone and an Enterprise Zone. The Opportunity Zone incentive is described as expiring October 2026, and the Enterprise Zone includes potential eligibility for state income tax credits and sales and use tax exemptions for specific business investments.
The site is located at the corner of a very busy intersection and is described as near the entrance to Downtown, with easy access to and from I-25. The property is also identified as being located between Hilton Garden Inn and a city parking garage.
Additional incentives noted in the remarks include an Opportunity Zone and an Enterprise Zone. The Opportunity Zone incentive is described as expiring October 2026, and the Enterprise Zone includes potential eligibility for state income tax credits and sales and use tax exemptions for specific business investments.
Key Highlights
- Retail building for sale with current income of about $100,000 per year
- Listed sale price $2,707,500, or about $190/SF
- Two adjoining parcels totaling 14,250 SF: 2 E Bijou St (5,625 SF) and 8‑14 E Bijou St (7,640 SF)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,932
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,838,640
$1.8M
Cap Rate 7%
$1,313,314
$1.3M
Cap Rate 9%
$1,021,467
$1.0M
Market Conditions
NOI Build-Up for 7,640 SF
Gross rent
$137.5K $18.00/SF
− Vacancy
−$6.2K −$0.81/SF
EGI
$131.3K $17.19/SF
− OpEx
−$39.4K −$5.16/SF
NOI
$91.9K $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%
$1,838,640
Cap Rate 7%
$1,313,314
Cap Rate 9%
$1,021,467
Alternative Uses
Best Use
Retail
$1.31M
$1.15M – $1.53M
NOI $91,932 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,615 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,834
Businesses Nearby
112k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 71%
Shops & Services 18%
Hotels & Casinos 9%
Electronics 2%
McDonald's
Dining
25,596 visits/mo
0.5 miles
Dutch Bros. Coffee
Dining
16,776 visits/mo
0.5 miles
Taco Bell
Dining
10,363 visits/mo
0.5 miles
Carl's Jr.
Dining
9,767 visits/mo
0.2 miles
Wendy's
Dining
8,827 visits/mo
0.4 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
Frequently Asked Questions
What type of property is this?
Retail space - Retail building offered for sale with current income near $100,000 per year on two adjoining parcels.
Where is this retail space located?
The property is located at 8 East Bijou Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $2,707,500.
What are key features of this property?
This property features: Retail building for sale with current income of about $100,000 per year; Listed sale price $2,707,500, or about $190/SF; Two adjoining parcels totaling 14,250 SF: 2 E Bijou St (5,625 SF) and 8‑14 E Bijou St (7,640 SF)
