1202 Academy Blvd Colorado Springs, CO 80909-4407
- Office buildings
- 361 SF
- 0.35 lot acres
Current Use by Public Records
- Car One / Used Car Dealer
Property Details for 1202 Academy Blvd
- Year built
- 1970
- Construction
- STEEL FRAME
- Lot size
- 0.35 lot acres
- Property size
- 361 SF
- Zone code
- R5 C5
- Property type
- Office buildings
- APN
- 6410116017
- APU
- 6410116017
Description
This 361-square-foot vacant auto shop, built in 1970, sits on a prime corner lot at the intersection of N. Academy Boulevard and Uintah Street in Colorado Springs, Colorado (zip code 80909). Boasting excellent visibility with approximately 45,000 vehicles passing daily, this property presents a unique investment opportunity for owner-users or redevelopment. Located within both an Opportunity Zone and the Pikes Peak Enterprise Zone, it offers significant development potential and potential tax incentives. The flexible MX-M zoning allows for a variety of commercial uses. The asking price of $600,000 reflects a discount to a Q2 2024 appraisal. Seller financing is available for qualified buyers. This single-story building (APN: 6410116017) offers easy right-in access from N. Academy Blvd and shares an access easement with the adjacent property at 1222 N Academy Blvd, which is also available for purchase ($700,000). This high-growth retail corridor presents a compelling opportunity for businesses seeking high visibility and strong traffic counts. The property is currently vacant and ready for immediate occupancy or redevelopment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.758
- Latitude
- 38.8487
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
