8145 Union BlvdColorado Springs, CO 80920

Property Details for 8145 Union Blvd

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

48.98 AC

Property size (Sq ft)

3,227 SF

Zone code

PIP1

Property type

Retail properties

Property subtype

Auto shops

APN

63031-04-005

APU

6303104005

Description

Mountain Vista Business Center, located at 8145 & 8245 N Union Blvd in Colorado Springs, CO 80920, presents a significant opportunity for businesses seeking flexible industrial and office space. This expansive property totals 263,374 square feet and sits on a generous 33.56-acre lot. The building is currently fully vacant, offering immediate occupancy for a single large tenant or multiple smaller tenants. Space is divisible down to 12,790 square feet, with a maximum contiguous space of 230,300 square feet. The property's versatile design caters to a variety of needs, encompassing executive office, warehouse, manufacturing, and traditional office spaces. Features include a remarkable 45-foot ceiling height, providing ample vertical space for storage or specialized equipment. Loading and unloading are facilitated by four dock-high doors and four drive-in doors. Ample parking is available with 1050 spaces. The property is zoned PIP-1 (30% lot coverage), offering development flexibility. This prime El Paso County location provides easy access to major transportation routes and offers a strategic advantage for businesses seeking a prominent presence in the Colorado Springs market. The property's size and features make it ideal for a wide range of industrial and office users, from distribution centers to manufacturing facilities and corporate headquarters. Contact us today to explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,037,607

  6.5%

  $957,791

  7%

  $889,378

• Comparable approach

  Method

  Valuation

  Relative Method

  $671,869

  Geo Method

  $671,869

• Alternative Use

  Use

  Valuation

  Residential

  $807,933

  Hospitality

  $740,062

  Educational

  $615,723

  Medical

  $636,899

  Retail

  $957,791

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.9493

Longitude

-104.764

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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