123 N Union Blvd Colorado Springs, CO 80909
For Lease
This exceptional 6,400 square foot free-standing industrial building is ideally situated in Colorado Springs, Colorado, at 123 N Union Blvd, zip code 80909. The property boasts a prime location and offers a versatile layout perfect for a variety of businesses. The building features approximately 2,400 square feet of showroom space, highlighted by large display windows, providing excellent visibility and showcasing opportunities. In addition, there's 2,000 square feet of warehouse space, complemented by a 2,000 square foot mezzanine. The seller offers the option of removing the mezzanine to create a "high cube" warehouse with a generous 16-foot free span ceiling height. The property also includes a fenced yard, enhancing security and functionality. Further enhancing the value, the roof was completely replaced in 2023 and comes with a transferable 10-year warranty. A clean Phase 1 environmental inspection report is available for review. The asking price is $850,000, delivered in shell condition, presenting a compelling investment opportunity at $132.81 per square foot. This property is ready for immediate occupancy and customization to suit your specific business needs. Located in El Paso County, this centrally located building offers easy access to major transportation routes and amenities.
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Floors 4 U Colorado General Contractor Renovation Specialist
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Floors 4 U Carpet & Flooring Store Hardware & Home Improvement
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
C6 · 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.