4535 Austin Bluffs Pkwy Colorado Springs, CO 80918
- Lifestyle centers
- 20,400 SF
- 2.80 lot acres
Current Use by Public Records
- Little Caesars Pizza / Fast Food Restaurant / Pizza Delivery
Property Details for 4535 Austin Bluffs Pkwy
- Year built
- 1977
- Lot size
- 2.80 lot acres
- Property size
- 20,400 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a 20,400 square foot shopping center located at 4535 Austin Bluffs Pkwy, Colorado Springs, CO 80918. The property, built in 1977, consists of three single-story buildings situated on a 2.8-acre lot. Currently boasting 95% occupancy with thirteen tenants, including Little Caesars, the center generates a strong NOI of $305,920, representing a 7.11% cap rate. The asking price is $4,305,000, translating to $211.03 per square foot. The property benefits from a highly visible location at the lighted hard corner of Austin Bluffs Blvd and Barnes Rd, within the rapidly growing Northeast submarket. Excellent accessibility to major retail corridors, N Academy Blvd and Powers Blvd, and proximity to densely populated neighborhoods further enhance its appeal. Zoned PBC CU AO, this versatile property offers significant potential as a stable investment or a redevelopment opportunity, leveraging its strong intrinsic land value. The Net Rentable area is 20,400 square feet, and the lease type is NNN (Triple Net).
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
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.748
- Latitude
- 38.8966
