1023 Colorado Ave Colorado Springs, CO 80904
- Retail space
- 2,475 SF
Current Use by Public Records
- WestWorks Engineering / Civil Engineer
- Pacific Summit Energy / Electric Utility Company
Property Details for 1023 Colorado Ave
- Year built
- 1974
- Property size
- 2,475 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
Description
This exceptional mixed-use property, located at 1023 W Colorado Ave in Colorado Springs, CO 80904, presents a unique investment opportunity. The 2,475 square foot building, constructed in 1974, sits on a 6,970 square foot lot and is zoned C5. It features two units, each configured with an open reception area, private offices, and a conference room. Unit 1023 boasts four custom workstations. An ideal setup for a single owner-user seeking additional income, or an investor looking for a strong return. The property benefits from excellent visibility on Colorado Avenue, with convenient proximity to downtown and numerous restaurants. Parking is provided by an oversized one-car garage and additional off-street spaces in the rear. The connecting interior door between the units offers flexibility and efficiency. The asking price is $800,000, translating to $323.23 per square foot. This is a rare opportunity to acquire a well-located, versatile property in a thriving Colorado Springs market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.84247292348
- Latitude
- 38.835401125422
