2660 Willamette Ave Colorado Springs, CO 80909
- Office buildings
- 900 SF
- 0.27 lot acres
Current Use by Public Records
- The Prince Cars / Used Car Dealer
Property Details for 2660 Willamette Ave
- Year built
- 1999
- Construction
- WOOD FRAME
- Lot size
- 0.27 lot acres
- Property size
- 900 SF
- Zone code
- C6
- Property type
- Office buildings
- APN
- 6409413033
- APU
- 6409413033
Description
This exceptional 900 sq ft retail property, situated on a spacious 11,560 sq ft lot in Colorado Springs, CO (2660 E Willamette Ave, 80909), presents a lucrative investment opportunity. Built in 1999, the property boasts a single building with an office and shop space, including an overhead door and garage area, perfectly suited for a variety of commercial uses. The C6 zoning allows for diverse business ventures, making it highly adaptable to changing market demands. Its prime location at the northeast corner of Willamette and Yuma Avenues, just west of Platte Avenue, ensures high visibility and accessibility. A large pylon sign enhances visibility from Platte Avenue, attracting significant attention. The property's current configuration is ideal for uses such as a car lot, contractor lot, RV sales, tire shop, repair shop, or vehicle storage. The asking price is $595,000, offering an attractive 8.40% cap rate. The gross lease structure provides a straightforward and reliable income stream. Ample space exists for potential expansion with the addition of another building. This property represents a rare opportunity to acquire a well-located, versatile commercial property with significant upside potential in a thriving Colorado Springs market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.778
- Latitude
- 38.8405
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
