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Property profile & analytics
OFF-MARKET
Specialty properties

16 Platte Ave Colorado Springs, CO 80903

44,836 SF 1.19 ac lot
Property ID
US13-0962266
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Total area 44,836 SF
Lot 1.19 ac (51,836 SF)
UPID US13-0962266
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
  • First Christian Church Church
  • Ai Turf Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
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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