222 Midland Ave Woodland Park, CO 80863-3143
- Commercial real estate
- 1,800 SF
- 0.17 lot acres
Current Use by Public Records
- Mountain View Froyo and Smoothie Cafe / Frozen Yogurt Shop
Property Details for 222 Midland Ave
- Year built
- 1969
- Lot size
- 0.17 lot acres
- Property size
- 1,800 SF
- Zone code
- WP
- Property type
- Commercial real estate
- APN
- 6329.241410120
- APU
- 6329241410120
Description
This exceptional 2,175-square-foot commercial property, located at 222 W Midland Ave in Woodland Park, Colorado, presents a fantastic opportunity for a new business venture. The building, constructed in 1969, boasts a main level of 1,800 square feet and a 375-square-foot basement, offering ample space for a variety of uses. Previously occupied by a yogurt shop, the property is in move-in ready condition and features a kitchen area. Its prime location on bustling Main Street ensures excellent visibility and high foot traffic, maximizing potential for success. The property also offers convenient rear parking for owners/employees, supplemented by publicly accessible city-rented parking nearby. The 0.172-acre lot is zoned CBD WP. The asking price is $525,000, representing a price per square foot of $241.38. While currently vacant, a pro-forma NOI of $39,150 projects a 7.46% cap rate, indicating strong potential for return on investment. This is a rare opportunity to acquire a well-maintained, highly visible commercial space in the heart of Woodland Park. Don't miss out!
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Woodland Park
- County
- Teller
- State
- Colorado
- Longitude
- -105.055
- Latitude
- 38.9945
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
