Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Car Dealership
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
R5 C5 · Colorado Springs, COZoning
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Zoning designation
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The district profile from the municipal source: what is on file for R5 C5 in Colorado Springs, CO.
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