1614 Academy Blvd Colorado Springs, CO 80916-4527
- Strip malls
- 9,600 SF
- 1.32 lot acres
Feb 12, 2025
Current Use by Public Records
- State Farm: Dan Lewis / Insurance Agency
- Session Supply Co. / (Bike/Boat/Book/etc) Store
- John Hall - State Farm Insurance Agent / Insurance Agency
- Tacos Del Gordo / Restaurant
- the drip spot / Shopping Center & Mall
Property Details for 1614 Academy Blvd
- Year built
- 2015
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.32 lot acres
- Property size
- 9,600 SF
- Zone code
- PBC AO
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 6427111073
- APU
- 6427111073
Description
This exceptional Class A retail space, totaling 9,600 square feet, is situated on a 1.32-acre lot in El Paso County. The property, featuring five individual suites, underwent a complete renovation in 2019. Currently, one suite remains available, offering 1,200 square feet of versatile space ideal for a variety of retail businesses. The minimum divisible space is also 1,200 square feet, making it perfect for a single tenant. The property boasts a highly desirable location, adjacent to a Walmart Neighborhood Grocery, ensuring high visibility and foot traffic. Convenient access to Academy Boulevard provides excellent accessibility for customers and employees. This is the last remaining space in this exceptional development, presenting a unique opportunity for a discerning business to establish a presence in a thriving retail environment. The property's APN is 6427111067 and is conveniently located near the intersection of Pace Street. The single building is comprised of five suites, offering a strong sense of community within a well-maintained complex. Don't miss this chance to secure a prime retail location in a high-traffic area. This is a truly exceptional opportunity for a business seeking a well-located, modern, and attractive retail space.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,785,000
- ML approach
- $2,760,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,340,000
- 6.5%
- $2,160,000
- 7%
- $2,005,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,759,000
Market price range: $1.27M - $3.81M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $2,560,000 Current use
- RESTAURANT
- $4,200,000 Change: +64% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $3,920,000 Change: +53% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $3,695,000 Change: +44% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,365,000 Change: -8% Conversion: Difficult
- MEDICAL BUILDING
- $2,310,000 Change: -10% Conversion: Difficult
- OFFICE BUILDING
- $2,050,000 Change: -20% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.759
- Latitude
- 38.8089
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
