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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

4609 Austin Bluffs Pkwy Colorado Springs, CO 80918

13,800 SF
Property ID
Property summary
AI-generated overview

This 13,800 square foot vacant retail building, formerly a Rite Aid pharmacy, is located at 4609 Austin Bluffs Pkwy, Colorado Springs, CO 80918. The asking price is $1,700,000 ($123.19/SF). Situated in a high-traffic area with strong surrounding retail synergies, including Walmart, 7-Eleven, and numerous other national and local businesses. The property benefits from an affluent and dense population within a 5-mile radius, boasting over 245,957 people and nearly $4 billion in consumer spending (according to CoStar analytics). The MX-M zoning allows for a wide variety of uses, including mixed-use, retail, self-storage, quasi-industrial, marijuana stores, gas stations, medical offices, and multi-family residential. The location is proximate to Doherty High School, Carver Elementary School, and is within approximately 3.5 miles of the University of Colorado Colorado Springs, offering multiple traffic drivers and diverse customer bases. This presents a unique opportunity for investors and developers seeking a versatile property in a thriving Colorado Springs market. The property is currently vacant, offering immediate occupancy. The El Paso County location, within a booming MSA, and the city's substantial budget (over $1 billion) further enhance the investment potential.

Property profile
Verified
Property type Retail properties & Spaces
Total area 13,800 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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