1635 Colorado Ave Colorado Springs, CO 80904
This unique 1,395 square foot Class B creative office building in Colorado Springs is situated on a 3,600 square foot lot and zoned C5. Built in 1900, this single-tenant property offers a blend of commercial and residential features, making it ideal for a variety of uses. Currently leased on a modified lease until August 31, 2024, to a psychologist who may be willing to vacate as early as June. The property features a spacious front area suitable for retail or reception, an office, and a half bath. The rear of the building could easily function as a one- or two-bedroom apartment, complete with two ensuite bathrooms, a full kitchen, and living/dining space. One of the ensuite bedrooms could be incorporated into the front commercial space. Additional features include a fenced backyard, an oversized one-car garage, and off-street parking for three vehicles in the alley. This versatile property presents a compelling opportunity for a live/work arrangement or a savvy investor seeking a strong return. Located on busy West Colorado Avenue in the 80904 zip code, this property offers excellent visibility and accessibility. The property's unique blend of commercial and residential space provides a comfortable and homey business environment.
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Pink Cadillac Boutique Clothing & Fashion 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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.