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    718 Weber St Colorado Springs, CO 80903

    For Lease
    $22 SF/Yr ($17,416 /Mo)

    Prime Retail, Multiple Spaces Available

    Lot size:
    9,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional retail opportunity in Colorado Springs' desirable north downtown area presents 9,500 square feet of space across three available units within a well-maintained, two-story building. Situated on a 0.22-acre lot, the property boasts a flexible layout with spaces ranging from 1,407 to a maximum contiguous 4,470 square feet, with 8,077 square feet currently vacant. Built in 1963, the freestanding structure is zoned C5, offering significant potential for a variety of retail uses. Its convenient location provides easy access to the heart of downtown and Interstate 25, ensuring high visibility and accessibility for businesses. The property features an existing tattoo shop and art gallery/storage space, demonstrating its adaptability to diverse tenants. Leases are modified gross, with tenants contributing to operating expenses. This presents a unique chance to establish a presence in a thriving Colorado Springs neighborhood, benefiting from the area's strong foot traffic and convenient location. The building consists of one structure with a total of 9,500 square feet. This is an excellent opportunity for businesses seeking a versatile and well-located retail space in a vibrant urban setting. The property's location in the Colorado Springs CBD submarket within El Paso County further enhances its appeal.

    Property Features for 718 Weber St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,500 SF
    Total Rate
    17416.67

    Building Details

    Year Built
    1963
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Art Gallery
    Size
    1,407 SF
    Space
    718
    Size
    4,470 SF
    Rate per SF
    $22
    Space
    710
    Size
    2,200 SF

    HighLights

    • 9,500 SF retail building in Colorado Springs, CO.
    • Multiple tenancy with 3 spaces available, ranging from 1,407 to 4,470 contiguous SF.
    • 8,077 SF currently vacant.
    • Situated on a 0.22‑acre lot.
    • Built in 1963, two‑story building.
    • C5 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pens & Needles Body ... Body Piercing Shop

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Law Firm Hair Salon Nail Salon Building Supply Clothing Store 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
    -104.8196095
    Latitude
    38.8443239

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail, Multiple Spaces Available
    Where is this individual retail property located?
    The property is located at 718 Weber St Colorado Springs, CO.
    What is the lease rate?
    The lease rate is $0.00-$22 SF/Yr.
    What are key features of this property?
    This property features: 9,500 SF retail building in Colorado Springs, CO.; Multiple tenancy with 3 spaces available, ranging from 1,407 to 4,470 contiguous SF.; 8,077 SF currently vacant.
    Request Owner's contact information
    718 Weber St 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
    718 Weber St Colorado Springs, CO 80903
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