201 Weber St Colorado Springs, CO 80903
- Office buildings
- 12,625 SF
- 0.42 lot acres
Current Use by Public Records
- Office buildings
Property Details for 201 Weber St
- Year built
- 1954
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.42 lot acres
- Property size
- 12,625 SF
- Zone code
- C6
- Property type
- Office buildings
- APN
- 6418105027
- APU
- 6418105027
Description
This exceptional 7,351 square foot creative office space, located at 201 N Weber St in Colorado Springs, CO 80903, presents a unique investment opportunity. Situated on a 0.42-acre lot, this single-story building boasts a prime location at the intersection of N. Weber St and E. Bijou St, offering excellent visibility and accessibility. Recently renovated in 2024, the property features a distinctive barrel roof and provides ample on-site parking with 12 spaces. The building's C-8 zoning allows for versatile use, making it ideal for a variety of businesses. Its proximity to Canvas Credit Union, Acacia Park, the Downtown YMCA, and numerous restaurants and shops ensures high foot traffic and convenient access to amenities. The property is currently multi-tenant, with 7,351 square feet of vacant space available for lease. Built in 1901 and meticulously updated, this property offers a blend of historic charm and modern functionality. The property's unique design and prime location make it an ideal space for businesses seeking a high-profile presence in the heart of downtown Colorado Springs. The APN is 64181-05-027. This is a rare opportunity to secure a highly desirable commercial space in a thriving urban environment. The property offers great identity and signage opportunities, along with convenient loading capabilities.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,025,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,360,000
- 6.5%
- $2,820,000
- 7%
- $2,360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,365,000
- Geo Method
- $2,740,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,530,000
- Retail
- $2,565,000
- Mixed-Use
- $2,380,000
- Hospitality
- $3,150,000
- Educational
- $2,955,000
- Residential Income
- $2,970,000
- Energy
- $3,085,000
- Income-Based Land
- $2,540,000
- Food Service
- $3,130,000
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.819
- Latitude
- 38.8368
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
