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    123 Manitou Ave Manitou Springs, CO 80829

    For Sale
    Contact for pricing

    2.18 Acres, Hwy 24 Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 2.18-acre commercial land parcel presents a rare development opportunity in Manitou Springs, Colorado. Located at 123 Manitou Ave, this highly visible site boasts a prime location between the Broadmoor and Garden of the Gods neighborhoods, benefiting from significant daily traffic along Highway 24 and Manitou Avenue. The property is zoned C-Commercial, allowing for diverse development options. Environmental remediation is complete, and the site has been rough-graded. Utilities, including water (two existing service lines), sewer, gas, and electricity, are stubbed to the property. Two existing curb cuts on Manitou Avenue provide convenient access. The property also includes two existing monument signs, one on Manitou Avenue and a grandfathered sign on Highway 24, offering significant advertising potential. The owner is open to various transaction structures, including ground lease (preferred), build-to-suit, or outright sale. The parcel may be considered for division. This is an unparalleled chance to capitalize on a highly desirable location with significant infrastructure already in place. Buyer or lessee is responsible for verifying site conditions. APN: 7404411024.

    Property Features for 123 Manitou Ave

    General Information

    Property type
    Land
    Lot Size
    94,961 SF

    HighLights

    • Monument signage on Manitou Ave included.
    • Grandfathered monument sign on Hwy 24 available for reuse.
    • Two existing water service lines (1.25" and 2.00").
    • 6" sanitary sewer line stubbed.
    • Gas and electric service stubbed.
    • Two existing curb cuts on Manitou Ave.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manitou Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.89401598597
    Latitude
    38.857142257675

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    FAQs

    What type of property is this?
    Land - 2.18 Acres, Hwy 24 Visibility
    Where is this land located?
    The property is located at 123 Manitou Ave Manitou Springs, CO.
    What are key features of this property?
    This property features: Monument signage on Manitou Ave included.; Grandfathered monument sign on Hwy 24 available for reuse.; Two existing water service lines (1.25" and 2.00").
    Request Owner's contact information
    123 Manitou Ave Manitou Springs, CO 80829
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    Manitou Springs, CO 80829
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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
    123 Manitou Ave Manitou Springs, CO 80829
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