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    206 Tejon St Colorado Springs, CO 80903

    Sponsored
    For Sale
    $2,200,000

    Historic building, prime location, owner-user opportunity

    Property size:
    7,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This stunning 7,500 square foot, two-story retail building, located at 206 N Tejon St in Colorado Springs, CO 80903, presents a rare opportunity. Built in 1900, this property boasts 14-foot ceilings, floor-to-ceiling brick walls, and skylights, creating a bright and inviting atmosphere. Its prime location directly across from the recently renovated Acacia Park ensures high visibility and foot traffic. The building is zoned FBZ-T1 and benefits from its location within a Qualified Opportunity Zone and Enterprise Zone, offering significant tax incentives. A nearby city parking garage provides ample parking with 305 spaces. The flexible interior layout, combined with the building's historical charm and fully utilizable lower level, makes it ideal for a variety of uses, including restaurants and storefronts. The asking price is $2,200,000. This exceptional property offers unparalleled visibility and a unique opportunity to own a piece of Colorado Springs' vibrant downtown.

    Property Features for 206 Tejon St

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,500 SF

    Building Details

    Year Built
    1900
    Stories
    2

    HighLights

    • $2,200,000 asking price for a 7,500 SF retail building.
    • Located at 206 N Tejon St, Colorado Springs, CO 80903.
    • Two‑story building, built in 1900, with FBZ‑T1 zoning.
    • Owner/user opportunity in a Qualified Opportunity Zone and Enterprise Zone.
    • Excellent visibility and pedestrian traffic, ideal for retail or restaurant use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Law Firm Building Supply Clothing Store Daycare Center

    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
    -104.82333428288
    Latitude
    38.837053750342

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    FAQs

    What type of property is this?
    Individual retail property - Historic building, prime location, owner-user opportunity
    Where is this individual retail property located?
    The property is located at 206 Tejon St Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: $2,200,000 asking price for a 7,500 SF retail building.; Located at 206 N Tejon St, Colorado Springs, CO 80903.; Two-story building, built in 1900, with FBZ-T1 zoning.
    Request Owner's contact information
    206 Tejon St 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
    206 Tejon St Colorado Springs, CO 80903
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