Corner Retail Building
8 East Bijou Street Colorado Springs, CO 80903
For Sale
Contact for pricing
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 Market32
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
Listing Agency:
Olive Real Estate Group
(719) 598-3000
Listed By:
James DiBiase · License #CO EA.001318416
Source:
Crexi
Added: Jun 22
Changed: Jul 23
Last Checked: Jul 23 at 9:49AM
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
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $137.5k | $18.00 |
| − Vacancy | −$6.2k | −$0.81 |
| EGI | $131.3k | $17.19 |
| − OpEx | −$39.4k | −$5.16 |
| NOI | $91.9k | $12.03 |
7,640 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Excel HVAC of Bijou ...
HVAC Service
Salad or Bust Downtown
Restaurant
FAQs
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)
