16 Platte Ave Colorado Springs, CO 80903
This exceptional 44,836 square foot property, located at 16 E Platte Ave in Colorado Springs, Colorado, presents a unique investment opportunity. Currently configured as a church, this historic building sits on a 1.19-acre lot zoned R-5, offering significant flexibility for adaptive reuse. Its prominent corner location at E Platte Ave and N Cascade provides excellent visibility and accessibility, situated within walking distance of Colorado College and the vibrant downtown area. The turnkey condition makes it ideal for another religious organization, while its substantial size and versatile zoning open doors to a range of alternative uses. Potential redevelopment options could include apartments, a multi-tenant food and beverage establishment, a wedding and event venue, or multi-tenant/single-tenant office spaces. This is a rare chance to acquire a piece of Colorado Springs history with immense potential for future development and significant return on investment. The property's address is 16 E Platte Ave, Colorado Springs, CO 80903, within El Paso County. This is a truly remarkable opportunity in a highly desirable location.
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First Christian Church Church
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Ai Turf Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.