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    10 Sierra Madre St Colorado Springs, CO 80903

    Sponsored
    For Lease
    $30 SF/Yr

    Historic Downtown Colorado Springs Retail Space

    Lot size:
    18,223 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Old Depot Square, located at 10-76 S Sierra Madre St in Colorado Springs, CO 80903, presents a unique retail and restaurant investment opportunity. This 18,223 square foot freestanding building, originally constructed in 1969 and extensively renovated in 2018, boasts a prime downtown location with exceptional visibility. Currently, 5,354 square feet of space is available for lease, ideal for a variety of uses within the FBZ-CEN zoning designation. The property's historic charm is complemented by modern amenities, including ample parking with 85 spaces, ensuring convenient access for customers and employees. Its central downtown location places it within easy walking distance of numerous attractions, maximizing foot traffic and exposure. The building's multiple tenancy structure offers flexibility for various business models. This is a rare chance to acquire a well-maintained, historically significant property in a thriving Colorado Springs market. The property's combination of character, convenience, and ample space makes it an attractive proposition for discerning investors and businesses seeking a high-profile location. The available space presents a significant opportunity for expansion or a new venture in a vibrant and growing urban core.

    Property Features for 10 Sierra Madre St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,223 SF
    Total Rate
    45557.5

    Building Details

    Year Built/Renovated
    1969/2018

    Unit(s) available at that property

    Space
    Suite 10
    Size
    5,354 SF
    Rate per SF
    $30

    HighLights

    • Unique historic retail and restaurant building in prime downtown Colorado Springs location.
    • Easy access to I‑25.
    • Fixture, Fixture and Equipment (FF&E) negotiable.
    • Ample parking with 85 spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Brakeman’s Burgers Hamburger Restaurant The Sandwich Depot Restaurant Denver and Rio Grande ... Historical Landmark Giuseppe's Old Depot ... Recreation Center

    Suggested Use

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

    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
    -104.828906
    Latitude
    38.8337906

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    FAQs

    What type of property is this?
    Restaurant - Historic Downtown Colorado Springs Retail Space
    Where is this restaurant located?
    The property is located at 10 Sierra Madre St Colorado Springs, CO.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: Unique historic retail and restaurant building in prime downtown Colorado Springs location.; Easy access to I-25.; Fixture, Fixture and Equipment (FF&E) negotiable.
    Request Owner's contact information
    10 Sierra Madre St Colorado Springs, CO 80903
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    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
    10 Sierra Madre St Colorado Springs, CO 80903
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