2923 Pikes Peak Ave Colorado Springs, CO 80904
This stunning, historic church building at 2923 W Pikes Peak Ave, Colorado Springs, CO 80904, is offered for sale at $1,495,000. The 8,511 square foot, two-story structure sits on a desirable corner lot, boasting unique stained-glass windows and ample on-site parking and storage. Currently zoned R-5 (Multi-family Residential), this versatile property presents a unique owner-user opportunity. The sanctuary can comfortably accommodate up to 160 people, making it ideal for its current use or a variety of alternative purposes. Its prime location between Old Colorado City and Manitou Springs offers excellent visibility and accessibility. Potential future uses could include a wedding venue, event space, restaurant, group housing, school, daycare center, or classrooms/training facility. The property features one building with a single tenancy and offers significant potential for a discerning buyer seeking a unique and adaptable space in a highly desirable location. The price per square foot is $175.66, and the price per unit is $1,495,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.