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    402 Tejon St Colorado Springs, CO 80903

    Sponsored
    For Lease
    $39 SF/Yr ($16,412 /Mo)

    Prime Retail Space, 5,050 SF Available

    Lot size:
    5,050 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,050 square foot retail space, located at 402 S. Tejon Street in Colorado Springs, Colorado, presents a unique investment opportunity. Situated within an eight-story, dual-branded Marriott hotel, this property offers unparalleled visibility and access to a substantial customer base. The entire space is currently vacant, providing a blank canvas for a discerning tenant. The building boasts a total of 216 parking spaces, ensuring ample convenience for patrons. The property's classification as "Restaurant/Hotel" within the retail sector suggests a high potential for businesses catering to hotel guests and the surrounding community. Located in El Paso County, with a zip code of 80903, this property benefits from a prime location in Colorado Springs. The substantial square footage allows for a variety of uses, from a large-scale restaurant to a multi-faceted retail operation. The existing infrastructure within the Marriott hotel complex offers significant advantages, including established utilities and potentially shared services. This is a rare chance to secure a significant retail presence in a high-traffic area, directly connected to a well-known and reputable hotel brand. The property's size and location make it ideal for a variety of businesses seeking a prominent and accessible location in a thriving Colorado Springs market. This is a turnkey opportunity for a business looking to establish a strong foothold in a desirable area.

    Property Features for 402 Tejon St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,050 SF
    Total Rate
    16412.5

    Building Details

    Stories
    8

    Unit(s) available at that property

    Space
    Available space
    Size
    5,050 SF
    Rate per SF
    $39

    HighLights

    • Over 26,000 primary jobs within the immediate area.
    • 1,000+ new residential units delivered since 2020.
    • An additional 2,000 residential units slated for completion by the end of 2024.
    • 2,000 more residential units currently in the planning stages.
    • New 164,000 SF office building under construction one block away.
    • US Olympic & Paralympic Museum attracting an estimated 350,000 annual visitors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Sean M ... Pediatrician Rachel Styles Hair Hairdresser Lumen8 Rooftop Social Restaurant SemaConnect Charging Station Electric Vehicle Charging Station SpringHill Suites Colorado ... Hotel

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.8241666
    Latitude
    38.8280534

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail Space, 5,050 SF Available
    Where is this restaurant located?
    The property is located at 402 Tejon St Colorado Springs, CO.
    What is the lease rate?
    The lease rate is $39 SF/Yr.
    What are key features of this property?
    This property features: Over 26,000 primary jobs within the immediate area.; 1,000+ new residential units delivered since 2020.; An additional 2,000 residential units slated for completion by the end of 2024.
    Request Owner's contact information
    402 Tejon St Colorado Springs, CO 80903
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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
    402 Tejon St Colorado Springs, CO 80903
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