1106 Manitou Ave Manitou Springs, CO 80829-1736
This exceptional investment opportunity presents a 1,288 square foot convenience store located at 1106 Manitou Avenue in Manitou Springs, Colorado, 80829. The property, built in 1967, sits on a large corner lot in a highly desirable location directly on Manitou Avenue, boasting significant foot and vehicle traffic. Currently operating as a convenience store, the business is included in the asking price of $750,000 ($582.30 per square foot). The property is zoned C, offering flexibility for potential buyers. The existing structure provides 1,288 square feet of net rentable space, making it ideal for continued operation as a convenience store or for redevelopment to suit a new vision. This owner/user investment presents a unique chance to acquire a well-situated commercial property with established business potential in a thriving Colorado Springs area community. The property's prime location and high visibility make it an attractive investment for both established businesses and new ventures. The sale includes the building and the existing business. Consider the potential for growth and expansion in this vibrant location. This is a rare opportunity to own a piece of Manitou Springs' commercial landscape.
Commercial (C) . A. Purpose. The Commercial Zone District is characterized by commercial, office, and multi-unit mixed-use residential uses that are an integral part of the City's ability to provide a diverse range of essential and regionally oriented services, tourism-related businesses , and employment opportunities. This Zone District is primarily located…
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
Property description
Physical attributes from public recordsZoning & alternative use
C · Manitou Springs, COCommercial (C) . A. Purpose. The Commercial Zone District is characterized by commercial, office, and multi-unit mixed-use residential uses that are an integral part of the City's ability to provide a diverse range of essential and regionally oriented services, tourism-related businesses , and employment opportunities. This Zone District is primarily located along Manitou Avenue outside of the Downtown Zone District west of Highway 24. This Zone District prioritizes gathering spaces and public art as well as access to the Fountain Creek and the Creek Walk Trail for properties on the north side of Manitou Avenue. This district aims to minimize conflicts with adjacent residential and historic areas, floodplains, steep slopes, connected wildlife corridors, wildlife and pollinator habitats, and ecologically sensitive areas. B. Permitted Uses. Applicable uses may be found in Chapter 4, Table 18.04.2-1. C. Dimensional Standards. The following dimensional standards apply to this district. Table 18.02.3.2-1: Dimensional Standards for the Commercial Zone District Lot Dimensions Standard Requirements Minimum Lot Size N/A Minimum Lot Frontage 50 ft. Building Setbacks Minimum Front Setback - Permanent Principal Structure 10 ft. [1] Minimum Front Setback - Permanent and Temporary Accessory Structures 10 ft. Maximum Front Setbacks N/A Minimum Side Setback - Permanent Principal Structure 5 ft. [1] Minimum Side Setback - Permanent Accessory Structure 5 ft. Minimum Side Setback - Temporary Accessory Structure 5 ft. Minimum Rear Setback - Permanent Principal Structure 10 ft. Minimum Rear Setback - Permanent Accessory Structure 10 ft. Minimum Rear Setback - Temporary Accessory Structure 5 ft. Site Development Standards Maximum Lot Coverage 75% Maximum Building Height 35 ft. [1] Residential Density 20 du/ac [1] Subject to building height and scale requirements per Section 18.03.2.4 and 18.03.3 . Figure 18.02.3.2-1: Illustration of Setbacks 18.02.3.3 Mixed-Use Commercial (MUC) . A. Purpose. The Mixed-Use Commercial District serves as the eastern gateway to Manitou Springs and is envisioned as a pedestrian friendly hub of retail, higher density residential (standalone or mixed-use), entertainment, and lodging. It promotes mixed-use developments (vertical or horizontal) that retain frontage along Manitou Avenue for commercial uses at the street level while expanding available housing options, as well as live/work housing or apartments.
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.
