1634 Nevada Ave Colorado Springs, CO 80906
- Strip malls
- 9,005 SF
- 1.62 lot acres
Current Use by Public Records
- Tokyo Joe's - S Nevada / Asian Restaurant
- Smashburger / Restaurant / Hamburger Restaurant
- European Wax Center / Beauty Salon / Beauty Supply Store
Property Details for 1634 Nevada Ave
- Year built
- 2018
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.62 lot acres
- Property size
- 9,005 SF
- Zone code
- C5 SS
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 6430201029
- APU
- 6430201029
Description
This exceptional retail opportunity presents 9,005 square feet of commercial space within the Ivywild Retail Center, situated at 1634 S Nevada Ave, Colorado Springs, CO 80906. Currently, 2,015 square feet are available for lease, offering a versatile space ideal for a variety of retail businesses. The property is zoned C-5, allowing for a range of commercial uses. The center is strategically located in the South Nevada Urban Renewal Area, a rapidly developing region that has experienced significant improvements and new construction in recent years, promising continued growth and increased foot traffic. This location also benefits from being within a Pikes Peak Enterprise Zone, providing eligible businesses with valuable income tax credits and incentives. The existing building offers multiple tenancies, creating a vibrant and diverse retail environment. The available space provides an excellent chance to establish or expand a business in a thriving and supportive community. This property offers a unique blend of established success and future potential, making it an attractive investment opportunity. The property's prime location and the ongoing revitalization of the surrounding area ensure strong visibility and accessibility for potential customers. Don't miss this chance to secure a space in a dynamic and growing retail center.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,075,000
- 6.5%
- $1,915,000
- 7%
- $1,780,000
-
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $2,400,000 Current use
- AUTO REPAIR, GARAGE
- $2,215,000 Change: -8% Conversion: Difficult
- MEDICAL BUILDING
- $2,165,000 Change: -10% Conversion: Difficult
- OFFICE BUILDING
- $1,925,000 Change: -20% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.823
- Latitude
- 38.81
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
