101 Tejon St Colorado Springs, CO 80903
- Turn key restaurants
- 2,058 SF
Current Use by Public Records
- Stone Gable Realty / Real Estate Agency
- SevSells / Real Estate Agency
- The Rabbit Hole / New American Restaurant / American Restaurant
- Max Hobbs - Colorado Springs Realtor / Real Estate Agent
- Bonny and Read Seafood / Seafood Restaurant / Steak House
Property Details for 101 Tejon St
- Year built
- 2006
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Property size
- 2,058 SF
- Zone code
- FBZ-CEN CU
- Property type
- Turn key restaurants
- APN
- 6418209112
- APU
- 6418209112
Description
This exceptional 2,066-square-foot commercial space is ideally situated in the heart of downtown Colorado Springs at 101 N Tejon Street, Suite 108. Located just east of the intersection of N. Tejon and Kiowa Streets, this single-tenant property boasts a prime retail location with high foot traffic. Built in 1903, the building offers a unique blend of historical charm and modern functionality. The suite features floor-to-ceiling storefront windows, providing unparalleled visibility to the bustling downtown activity. This high-traffic area sees approximately 16,000 cars daily, ensuring maximum exposure for your business. The property is zoned FBZ-CEN, making it suitable for a variety of uses, including office space (executive or traditional), retail establishments, or service-based businesses. The entire 2,066 square feet is currently vacant and ready for immediate occupancy. This presents a rare opportunity to establish a presence in one of Colorado Springs' most desirable commercial locations. The property is part of a single-building complex. Don't miss this chance to secure a prominent location in the vibrant downtown core.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $615,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $555,000
- 6.5%
- $530,000
- 7%
- $590,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $620,000
- Geo Method
- $595,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $535,000
- Retail
- $605,000
- Mixed-Use
- $635,000
- Hospitality
- $520,000
- Educational
- $645,000
- Residential Income
- $605,000
- Energy
- $630,000
- Income-Based Land
- $565,000
- Food Service
- $540,000
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.823
- Latitude
- 38.8356
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
