10 S Sierra Madre St Colorado Springs, CO 80903
For Lease
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.
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Brakeman’s Burgers Restaurant
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The Sandwich Depot Restaurant
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Denver and Rio Grande Train Depot Tour Operator
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Giuseppe's Old Depot Restaurant Family Recreation Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
FBZ-CEN · Colorado Springs, COColorado Springs. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.