10 Sierra Madre St Colorado Springs, CO 80903
- Turn key restaurants
- 2,208 SF
- 0.23 lot acres
Current Use by Public Records
- Brakeman’s Burgers / Hamburger Restaurant
- The Sandwich Depot / Restaurant
- Denver and Rio Grande Train Depot / Historical Landmark
- Giuseppe's Old Depot Restaurant / Recreation Center
Property Details for 10 Sierra Madre St
- Year built
- 1906
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.23 lot acres
- Property size
- 2,208 SF
- Zone code
- FBZ-CEN
- Property type
- Turn key restaurants
- APN
- 6418212003
- APU
- 6418212003
Description
Old Depot Square, located at 10-76 S Sierra Madre St in Colorado Springs, CO 80903, presents a unique retail and restaurant investment opportunity. This 18,223 square foot freestanding building, originally constructed in 1969 and extensively renovated in 2018, boasts a prime downtown location with exceptional visibility. Currently, 5,354 square feet of space is available for lease, ideal for a variety of uses within the FBZ-CEN zoning designation. The property's historic charm is complemented by modern amenities, including ample parking with 85 spaces, ensuring convenient access for customers and employees. Its central downtown location places it within easy walking distance of numerous attractions, maximizing foot traffic and exposure. The building's multiple tenancy structure offers flexibility for various business models. This is a rare chance to acquire a well-maintained, historically significant property in a thriving Colorado Springs market. The property's combination of character, convenience, and ample space makes it an attractive proposition for discerning investors and businesses seeking a high-profile location. The available space presents a significant opportunity for expansion or a new venture in a vibrant and growing urban core.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $595,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $510,000
- 6.5%
- $525,000
- 7%
- $460,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $415,000
- Geo Method
- $500,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $550,000
- Retail
- $580,000
- Mixed-Use
- $535,000
- Hospitality
- $540,000
- Educational
- $560,000
- Residential Income
- $540,000
- Energy
- $585,000
- Income-Based Land
- $450,000
- Food Service
- $585,000
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.828
- Latitude
- 38.8351
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
