1765 Academy Blvd Colorado Springs, CO 80909-2721
- Commercial land
- 0.39 lot acres
Current Use by Public Records
- Musashi Japanese Restaurant / Japanese Restaurant / Japanese Steakhouse
Property Details for 1765 Academy Blvd
- Lot size
- 0.39 lot acres
- Zone code
- PBC
- Property type
- Commercial land
- APN
- 6402307022
- APU
- 6402307022
Description
This exceptional 5,655-square-foot retail property, located at 1765 N Academy Blvd in Colorado Springs, CO 80909, presents a compelling owner-user or investment opportunity. Situated on a one-acre lot, this single-story, Class B building boasts excellent visibility along Academy Boulevard, experiencing approximately 46,000 cars daily. Previously occupied by a Musashi restaurant, the space offers flexibility for various uses, including daycare, restaurant, or storefront retail, thanks to its Mixed Use - Medium Scale (MX-M) zoning. Built in 1972, the property offers immediate occupancy for a new business or redevelopment potential to capitalize on the area's growth. The strong demographics further enhance its appeal, with a population of approximately 298,000 within a five-mile radius and an average household income of approximately $76,000. The asking price is $780,000, translating to $137.93 per square foot. This property is ideal for an investor seeking a 1031 exchange opportunity. The property's flat and usable one-acre lot provides ample space for expansion or future development. The high traffic count and strong demographics make this a prime location for a thriving business. The property's versatility and location make it an attractive investment for both owner-users and investors.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.756
- Latitude
- 38.8578
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
