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    2660 Willamette Ave Colorado Springs, CO 80909

    Sponsored
    For Sale
    $595,000

    Profitable Net Lease Retail Investment

    Property size:
    900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 900 sq ft retail property, situated on a spacious 11,560 sq ft lot in Colorado Springs, CO (2660 E Willamette Ave, 80909), presents a lucrative investment opportunity. Built in 1999, the property boasts a single building with an office and shop space, including an overhead door and garage area, perfectly suited for a variety of commercial uses. The C6 zoning allows for diverse business ventures, making it highly adaptable to changing market demands. Its prime location at the northeast corner of Willamette and Yuma Avenues, just west of Platte Avenue, ensures high visibility and accessibility. A large pylon sign enhances visibility from Platte Avenue, attracting significant attention. The property's current configuration is ideal for uses such as a car lot, contractor lot, RV sales, tire shop, repair shop, or vehicle storage. The asking price is $595,000, offering an attractive 8.40% cap rate. The gross lease structure provides a straightforward and reliable income stream. Ample space exists for potential expansion with the addition of another building. This property represents a rare opportunity to acquire a well-located, versatile commercial property with significant upside potential in a thriving Colorado Springs market.

    Property Features for 2660 Willamette Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    900 SF

    Building Details

    Year Built
    1999
    Buildings
    1

    HighLights

    • Prime Northeast corner location at Willamette & Yuma, near Platte Avenue.
    • Zoned for a wide variety of commercial uses.
    • Features an overhead door and ample garage space.
    • High‑visibility pylon sign on Platte Avenue.
    • Suitable for car sales, contractor yards, RV sales, tire shops, repair shops, or vehicle storage.
    • Expansion potential with room for an additional building.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Prince Cars Used Car Dealer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    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
    -104.77815159
    Latitude
    38.84048431

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    FAQs

    What type of property is this?
    Automotive property - Profitable Net Lease Retail Investment
    Where is this automotive property located?
    The property is located at 2660 Willamette Ave Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Prime Northeast corner location at Willamette & Yuma, near Platte Avenue.; Zoned for a wide variety of commercial uses.; Features an overhead door and ample garage space.
    Request Owner's contact information
    2660 Willamette Ave Colorado Springs, CO 80909
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    Colorado Springs, CO 80909
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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
    2660 Willamette Ave Colorado Springs, CO 80909
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