1824 Colorado Ave Colorado Springs, CO 80904
This unique Colorado Springs property, located at 1824 W Colorado Ave, offers 3,219 square feet of versatile space in two buildings, built in 1888 and 1998. The main building, zoned MX-M, boasts 2,810 net rentable square feet and features four bedrooms/offices, 2.5 bathrooms, a formal dining room, ample storage, and an original leaded glass pantry. Recent renovations include a new kitchen/break room with stainless steel appliances and leathered granite countertops (2024), updated bathrooms, a new sewer line (2023), a newer boiler (2020), roof (2017), and foundation improvements (2024). The property also includes a separate cottage (currently leased until May 2025) with one bedroom, a loft, 1.5 bathrooms, and its own kitchen and laundry facilities. The cottage offers potential for various uses, including an office, short-term rental, or garage conversion. The charming outdoor space features a courtyard fountain and mature landscaping. One parking space is available. The property is listed at $800,000, with a price per square foot of $248.52. This property presents a rare opportunity for owner-users seeking a blend of historic charm and modern conveniences in a prime Old Colorado City location. The flexible layout is ideal for retail, office, residential, live/work, or multifamily use.
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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
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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
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