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    4935 Centennial Blvd Colorado Springs, CO 80919

    For Lease
    $18 SF/Yr ($17,826 /Mo)

    Prime Retail Space, El Paso County

    Lot size:
    11,884 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 11,884 square foot shopping center, built in 1984, presents a unique investment opportunity in El Paso County. Located at the high-visibility corner of Centennial Blvd and Pinon Valley Rd, the center boasts ample parking (68 spaces) and prominent pylon signage on Centennial Blvd. Currently, two spaces are available, ranging from 1,277 to 1,726 square feet, with a total of 3,003 square feet currently vacant. The center enjoys a strong tenant mix including Marco's Pizza, Canyon Crest Wine, Liquor & Beer, and Golden Flame Hot Wings. Suite A, a former bakery, offers a significant advantage with its existing commercial kitchen, grease trap, walk-in cooler, and three-compartment sink. Pre-approved plans exist for a drive-thru addition to Suite A, enhancing its potential. The property is zoned PBC-HS and benefits from excellent demographics, including above-average household incomes, a densely populated area, proximity to major employers and corporations, high traffic counts on Centennial Blvd, and easy access to I-25. This location offers exceptional visibility and accessibility, making it an ideal retail space. The minimum divisible space is 1,277 square feet.

    Property Features for 4935 Centennial Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,884 SF
    Total Rate
    17826

    Building Details

    Year Built
    1984

    Unit(s) available at that property

    Space
    Suite A
    Size
    1,277 SF
    Rate per SF
    $25
    Space
    Suite B
    Size
    1,726 SF
    Rate per SF
    $18

    HighLights

    • High‑visibility corner location at Centennial Blvd and Pinon Valley Rd, ample parking, and pylon signage.
    • Strong tenant mix including Marco's Pizza, Canyon Crest Wine, Liquor & Beer, and Golden Flame Hot Wings.
    • Suite A: 1,277‑1,726 SF former bakery with commercial kitchen, grease trap, walk‑in cooler, three‑compartment sink, and approved drive‑thru addition plans.
    • Excellent demographics: high household incomes, dense population, proximity to major employers, high traffic counts on Centennial Blvd, and I‑25 access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Marco's Pizza - Northwest ... Pizza Restaurant Michael Allen's Hair ... Barber Shop Friedman Brothers A/C ... Air Conditioning System Supplier Canyon Crest Wine, ... Liquor Store Golden Flame Hot ... Chicken Wings Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -104.8569681
    Latitude
    38.903839

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, El Paso County
    Where is this retail property located?
    The property is located at 4935 Centennial Blvd Colorado Springs, CO.
    What is the lease rate?
    The lease rate is $18-$25 SF/Yr.
    What are key features of this property?
    This property features: High-visibility corner location at Centennial Blvd and Pinon Valley Rd, ample parking, and pylon signage.; Strong tenant mix including Marco's Pizza, Canyon Crest Wine, Liquor & Beer, and Golden Flame Hot Wings.; Suite A: 1,277-1,726 SF former bakery with commercial kitchen, grease trap, walk-in cooler, three-compartment sink, and approved drive-thru addition plans.
    Request Owner's contact information
    4935 Centennial Blvd Colorado Springs, CO 80919
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    Colorado Springs, CO 80919
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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
    4935 Centennial Blvd Colorado Springs, CO 80919
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