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    21St St Colorado Springs, CO 80904

    For Lease
    Contact for pricing

    High-traffic retail space, multiple tenants.

    Lot size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional retail and restaurant property, located at the prominent intersection of Highway 24 and 21st Street in Colorado Springs, Colorado, presents a unique investment opportunity. Situated in El Paso County, with a zip code of 80904, this mixed-use property offers a flexible layout suitable for a variety of businesses. The site encompasses a substantial area ranging from one to twenty acres, providing ample space for development and expansion. Currently, one retail space is available within the larger building, which is categorized as having multiple tenancies. The property's classification includes both retail and restaurant uses, making it ideal for a diverse range of commercial ventures. Its prime location at a busy intersection ensures high visibility and accessibility, attracting significant foot traffic and vehicular exposure. The property's total building square footage is currently listed as one square foot, however, this is likely an error in the provided data and should be verified independently. Further investigation into the exact building size and available space is recommended. This property is an excellent choice for entrepreneurs seeking a high-impact location in a thriving Colorado Springs market. The property's mixed-use zoning allows for a variety of potential uses, making it a versatile and attractive investment.

    Property Features for 0 21St St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF

    Unit(s) available at that property

    Space
    Size
    871,200 SF

    HighLights

    • Commercial pad sites available for lease.
    • Retail, restaurant, and entertainment spaces available.
    • Prime location in a regional entertainment complex near Pikes Peak, drawing customers from throughout Colorado Springs.
    • Convenient access to Manitou Springs, Pikes Peak, and Garden of the Gods.
    • Strategic location connecting downtown Colorado Springs, Old Colorado City, Broadmoor, and Manitou Springs.
    • Gateway to major ski and recreation areas via Highway 24.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.8591053
    Latitude
    38.840368

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    FAQs

    What type of property is this?
    Restaurant - High-traffic retail space, multiple tenants.
    Where is this restaurant located?
    The property is located at 21St St Colorado Springs, CO.
    What are key features of this property?
    This property features: Commercial pad sites available for lease.; Retail, restaurant, and entertainment spaces available.; Prime location in a regional entertainment complex near Pikes Peak, drawing customers from throughout Colorado Springs.
    Request Owner's contact information
    21St St Colorado Springs, CO 80904
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    Colorado Springs, CO 80904
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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
    21St St Colorado Springs, CO 80904
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