3729 Austin Bluffs Pkwy Colorado Springs, CO 80918
- Retail properties
- 6,000 SF
Current Use by Public Records
- Best Bud Cannabis / Cannabis Store
- Best Budz / Cannabis Store
Property Details for 3729 Austin Bluffs Pkwy
- Property size
- 6,000 SF
- Property type
- Retail properties
Description
This exceptional retail investment opportunity in Colorado Springs, Colorado, presents a compelling chance to acquire two of three available retail condos at 3729-3737 Austin Bluffs Parkway. The property boasts a total of 6,000 square feet and commands a desirable asking price of $2,252,000, translating to a price per square foot of $375.33. The property benefits from a strong 7.27% capitalization rate, generating a substantial net operating income (NOI) of $163,812. Located in El Paso County, with a zip code of 80918, this property enjoys high visibility at the intersection of Austin Bluffs Parkway and Academy Boulevard, one of Colorado Springs' busiest and most well-lit intersections. The existing tenants, boasting strong financials, have occupied the space for over five years, ensuring a stable and consistent cash flow. The building itself is exceptionally well-maintained and clean, minimizing maintenance needs and maximizing return on investment. The property is zoned PBC, and offers a low-maintenance, high-cash-flow investment opportunity. This is an ideal addition to any portfolio seeking steady income and long-term growth potential.
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
- -104.758
- Latitude
- 38.8904
