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    318 Cascade Ave Colorado Springs, CO 80903

    For Sale
    Contact for pricing

    Prime 500 SF Commercial Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 500 square foot commercial land parcel is ideally situated in the heart of Colorado Springs, at 318 S Cascade Ave. Its strategic location offers unparalleled access to the vibrant downtown area, boasting proximity to both S. Cascade Avenue and W. Vermijo Avenue. The property, identified by APN 6418312009, is zoned FBZ-CEN, presenting a unique opportunity for various commercial ventures. The asking price for this highly desirable lot is $21,000. Given its size and prime location, this property represents a significant investment opportunity for developers and entrepreneurs seeking a foothold in Colorado Springs' thriving commercial landscape. The address is easily accessible and benefits from excellent visibility, making it an attractive proposition for businesses seeking high foot traffic. This 500 square foot lot provides a blank canvas for creative commercial development, allowing for the realization of diverse business plans within the established framework of the FBZ-CEN zoning designation. The property is located in El Paso County, Colorado, with a zip code of 80903. Its geographical coordinates are 38.8289059 latitude and -104.8259802 longitude. This is a rare opportunity to acquire a commercial lot in a highly sought-after area of Colorado Springs.

    Property Features for 318 Cascade Ave

    General Information

    Property type
    Land

    HighLights

    • $21,000 asking price for this commercial land parcel.
    • 500 square foot lot size.
    • Located at 318 S Cascade Ave, Colorado Springs, CO 80903.
    • FBZ‑CEN zoning.
    • APN: 6418312009.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Daycare Center 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
    -104.8259802
    Latitude
    38.8289059

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    FAQs

    What type of property is this?
    Land - Prime 500 SF Commercial Lot
    Where is this land located?
    The property is located at 318 Cascade Ave Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $21,000.
    What are key features of this property?
    This property features: $21,000 asking price for this commercial land parcel.; 500 square foot lot size.; Located at 318 S Cascade Ave, Colorado Springs, CO 80903.
    (719) 309-3900
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    318 Cascade Ave Colorado Springs, CO 80903
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    Colorado Springs, CO 80903
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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
    318 Cascade Ave Colorado Springs, CO 80903
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