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    408 Santa Fe Ave Fountain, CO 80817

    For Sale
    $225,000

    High-traffic corner location, 2440 sq ft.

    Property size:
    2,440 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 2,440 square foot storefront retail space, located at 408 N Santa Fe Ave in Fountain, Colorado, presents a lucrative investment opportunity. Situated on a major intersection corner in El Paso County (zip code 80817), this property boasts a highly visible and accessible location with ample parking. The building, constructed in 1968 and classified as Class D, offers a single tenancy occupancy at 100% capacity. The asking price is $225,000, translating to $92.21 per square foot. The lease is a gross lease with no remaining term, providing immediate control and flexibility for the new owner. The property features two water taps and benefits from its proximity to essential services, including the Fire Department and Police Station. This high-traffic area ensures consistent customer flow, making it ideal for a variety of retail businesses. The property is zoned CU and can be sold individually or as part of a three-property set. The level lot adds to the property's overall appeal and functionality. This is a rare opportunity to acquire a well-positioned, established retail space in a thriving Colorado community.

    Property Features for 408 Santa Fe Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,440 SF

    HighLights

    • $225,000 asking price for this 2,440 square foot retail storefront.
    • Located at 408 N Santa Fe Ave, Fountain, CO 80817.
    • Gross lease, single tenancy, currently 100% occupied.
    • $92.21 per square foot.
    • Corner location at a major intersection with ample parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Fountain
    County
    El Paso
    State
    Colorado
    Longitude
    -104.7042432
    Latitude
    38.6857969

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic corner location, 2440 sq ft.
    Where is this individual retail property located?
    The property is located at 408 Santa Fe Ave Fountain, CO.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: $225,000 asking price for this 2,440 square foot retail storefront.; Located at 408 N Santa Fe Ave, Fountain, CO 80817.; Gross lease, single tenancy, currently 100% occupied.
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    408 Santa Fe Ave Fountain, CO 80817
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    Fountain, CO 80817
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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
    408 Santa Fe Ave Fountain, CO 80817
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