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Property profile & analytics
OFF-MARKET
Churches & religious facilities

124 Delaware Dr Colorado Springs, CO 80909

15,302 SF 1.66 ac lot
Property ID
US13-2794917
Property summary
AI-generated overview

This exceptional 15,302-square-foot church property, located at 124 Delaware Dr in Colorado Springs, Colorado, is offered at $2,250,000. Situated on a 1.66-acre lot, this single-story building boasts a spacious sanctuary with seating for approximately 325 people. Ample parking is provided with 102 spaces on-site, supplemented by an additional 20 street parking spaces. The property benefits from significant renovations completed in 2018, including a new roof and HVAC systems. The property is currently 100% occupied and zoned MX-L CU AO, offering versatile usage potential beyond religious purposes. Potential alternative uses include schools, rehabilitation facilities, fitness centers, and automotive uses, all permitted under the existing zoning. This well-maintained property presents a unique opportunity for a variety of businesses or organizations seeking a substantial and conveniently located facility in a thriving Colorado Springs neighborhood with easy access to Academy and Platte. The property's size, parking capacity, and recent renovations make it an attractive investment. The zip code is 80909.

Property profile
Verified
Property type Churches & religious facilities
Total area 15,302 SF
Lot 1.66 ac (72,310 SF)
UPID US13-2794917
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Redemption Hill Church Church
  • Iglesia Nueva Vida - Food Distribution Center Food Bank Charitable Organization
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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