1050 Academy BlvdColorado Springs, CO 80910

Property Details for 1050 Academy Blvd

Year built

2018

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.64 AC

Property size (Sq ft)

2,234 SF

Zone code

PBC

Property type

Retail properties

Property subtype

Drive through restaurants

APN

6410117032

APU

6410117032

Description

This exceptional Colorado Springs commercial property, located at 1050 S Academy Blvd, zip code 80910, offers a unique blend of office and warehouse space, ideal for a variety of businesses. The property consists of two single-story buildings totaling 23,630 square feet, classified as Class B. Currently, there is 24,724 square feet of vacant space available, divisible into units ranging from a minimum of 3,744 square feet to a maximum contiguous space of 14,580 square feet. The property features convenient amenities including three drive-in doors and two dock-high doors, ensuring efficient loading and unloading. Parking is ample, with a ratio of 3.37 spaces per 1,000 square feet. The property is zoned PBC and is suitable for multiple tenants. While elevators are not present, the single-story design provides easy accessibility throughout the buildings. This prime location in Colorado Springs offers excellent visibility and accessibility, making it an attractive opportunity for businesses seeking flexible and functional commercial space. The property is available for lease immediately. Inquire today for more details and to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $718,319

  6.5%

  $663,063

  7%

  $615,702

• Comparable approach

  Method

  Valuation

  Relative Method

  $465,124

  Geo Method

  $465,124

• Alternative Use

  Use

  Valuation

  Residential

  $559,319

  Hospitality

  $512,333

  Educational

  $426,255

  Medical

  $440,915

  Retail

  $663,063

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8477

Longitude

-104.758

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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