815 Platte AveColorado Springs, CO 80903

Property Details for 815 Platte Ave

Year built

1952

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.27 AC

Property size (Sq ft)

4,281 SF

Zone code

R5

Property type

Office properties

Property subtype

Office buildings

APN

6417207031

APU

6417207031

Description

This exceptional 2,500 square foot office space at 815 E Platte Ave in Colorado Springs, Colorado, presents a unique opportunity for businesses seeking a versatile and strategically located workspace. The property, situated in El Paso County, offers a traditional office layout adaptable to executive office suites or creative office environments. The single-tenant occupancy allows for complete customization and control over the space. Its prime location near downtown Colorado Springs provides easy access to amenities and a vibrant business community. The zoning permits a live-work arrangement, catering to a diverse range of business needs. This property offers flexibility with several leasing options available, including single residential apartments and larger format office spaces. Furthermore, there is the added option of purchasing the property outright, providing a significant long-term investment opportunity. The address is 815 E Platte Ave, Colorado Springs, CO 80903. This is an ideal location for businesses seeking a blend of convenience, flexibility, and potential for growth. The property's versatility makes it suitable for a wide array of businesses, from small startups to established companies. Don't miss this chance to secure a prime location in a thriving Colorado Springs market.

• CAP approach

  CAP return

  Valuation

  6%

  $936,401

  6.5%

  $864,370

  7%

  $802,630

• Comparable approach

  Method

  Valuation

  Relative Method

  $353,696

  Geo Method

  $353,696

• Alternative Use

  Use

  Valuation

  Residential

  $1,071,819

  Hospitality

  $981,781

  Educational

  $816,830

  Medical

  $844,922

  Retail

  $1,270,624

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8374

Longitude

-104.81

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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