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    304 8Th St Colorado Springs, CO 80905

    Sponsored
    For Lease
    $13 SF/Yr

    Prime retail space, multiple suites available.

    Lot size:
    36,742 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 304 S 8th St in Colorado Springs, CO 80905, presents a unique investment opportunity. The single, two-story building encompasses 36,742 square feet and sits on a generous 4.66-acre lot. Currently, there are four suites available, offering flexible space options ranging from a minimum of 640 square feet to a maximum contiguous space of 3,360 square feet. A significant 6,600 square feet is currently vacant, providing immediate occupancy potential for expanding businesses or new ventures. Built in 1983, the property is zoned MX-L and is situated in the desirable CO - Colorado Springs Southwest submarket of El Paso County. The property's location offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. This is a rare opportunity to acquire a well-located retail center with significant potential for growth and profitability in a thriving Colorado Springs market. The property's multiple suite configuration allows for diverse tenancy options, catering to a range of business needs and sizes. Don't miss this chance to secure a prime retail location in a high-demand area.

    Property Features for 304 8Th St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    36,742 SF
    Total Rate
    39803.83

    Building Details

    Year Built
    1983
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Floor 1, Suite 308 K
    Size
    1,000 SF
    Rate per SF
    $17
    Space
    Floor 1, Suite 304 A
    Size
    640 SF
    Rate per SF
    $14
    Space
    Floor 1, Suite 308 H-I
    Size
    3,360 SF
    Rate per SF
    $17
    Space
    Floor 1, Suite 308 D
    Size
    1,600 SF
    Rate per SF
    $17

    HighLights

    • Prime Southwest Colorado Springs location.
    • High‑demand retail corridor.
    • Significant daytime population density.
    • Excellent visibility and high traffic counts.
    • Newly installed, lighted intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Road Star Driving ... Driving School Road Star Driving ... Drivers License Training School Right Health Clinic Chiropractor connect with API Software Company Designer Kitchens Kitchen Remodeler

    Suggested Use

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

    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
    -104.8424065
    Latitude
    38.8315291

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    FAQs

    What type of property is this?
    Retail property - Prime retail space, multiple suites available.
    Where is this retail property located?
    The property is located at 304 8Th St Colorado Springs, CO.
    What is the lease rate?
    The lease rate is $14-$17 SF/Yr.
    What are key features of this property?
    This property features: Prime Southwest Colorado Springs location.; High-demand retail corridor.; Significant daytime population density.
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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
    304 8Th St Colorado Springs, CO 80905
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