330 Institute St Colorado Springs, CO 80903
- Retail space
- 3,325 SF
- 0.13 lot acres
Current Use by Public Records
- Switchback Coffee Roasters - Shooks Run / Coffee Wholesaler / Coffee Shop
Property Details for 330 Institute St
- Year built
- 1959
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.13 lot acres
- Property size
- 3,325 SF
- Zone code
- C5/CR UV
- Property type
- Retail space
- APN
- 6417203001
- APU
- 6417203001
Description
This exceptional storefront property at 330 N Institute St, Colorado Springs, CO 80903, is offered at $1,300,000. Ideally situated in a vibrant downtown location, this retail space boasts convenient access to major highways and public transportation, ensuring high visibility and accessibility for your business. The property itself is a beautiful blend of classic architectural details and modern updates, creating a warm and inviting atmosphere. Inside, you'll find multiple private offices, perfect for individual work or team collaboration, complemented by a welcoming reception area ideal for client interaction. Ample storage space is also available, catering to various business needs. The property further benefits from dedicated on-site parking for both staff and clients, a significant advantage in a bustling urban setting. This unique space offers a rare opportunity to establish your business in a location that combines historic charm with the functionality of a modern workspace. The property's central location and attractive features make it an excellent investment opportunity for discerning businesses seeking a distinctive and productive environment in the heart of Colorado Springs. This is a truly remarkable opportunity to own a piece of Colorado Springs history while enjoying the benefits of a contemporary, well-equipped commercial space.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $875,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $935,000
- 6.5%
- $820,000
- 7%
- $870,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $950,000
- Geo Method
- $815,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $755,000
- Retail
- $950,000
- Mixed-Use
- $720,000
- Hospitality
- $825,000
- Educational
- $935,000
- Residential Income
- $815,000
- Energy
- $980,000
- Income-Based Land
- $725,000
- Food Service
- $945,000
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.808
- Latitude
- 38.8389
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
