201 N Academy Blvd Colorado Springs, CO 80909
For Lease
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Academy Tower Plaza, a Class C retail strip center in El Paso County, presents a compelling investment opportunity. This well-located property boasts 25,130 square feet of total retail space situated on Academy Boulevard near Bijou Street and the Citadel Mall, ensuring high visibility and traffic. The center offers six available spaces, ranging from a minimum of 700 square feet to a maximum contiguous space of 5,168 square feet. Currently, 8,396 square feet are vacant, providing significant potential for new tenants. Ground level spaces are available at a competitive rate of $9.00 to $12.00 per square foot, with estimated net operating expenses of $3.50 per square foot. The property benefits from excellent street visibility, convenient access to downtown El Paso, and stunning mountain views. This is an ideal location for businesses seeking high foot traffic and exposure in a thriving commercial corridor. The property's strategic location near the Citadel Mall shopping corridor further enhances its appeal to potential tenants and investors. The available spaces offer flexibility for a variety of retail uses, making this a versatile and attractive investment opportunity. The combination of prime location, competitive pricing, and significant vacant space makes Academy Tower Plaza a strong contender in the El Paso County retail market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C5 AO · Colorado Springs, COColorado Springs. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.