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Property profile & analytics
OFF-MARKET
Bars & Pubs

2100 Platte Ave Colorado Springs, CO 80909-5908

2,155 SF 0.27 ac lot Built 1941
Individually Owned 29-yr Hold Absentee Owner Free & Clear
Property ID
US13-0898500
Property summary
AI-generated overview

This exceptional mixed-use investment opportunity in Colorado Springs, Colorado, encompasses four lots totaling 0.54 acres and boasts 11 existing buildings, plus a large vacant lot. The property is strategically located on Platte Avenue, a major thoroughfare, ensuring high visibility and accessibility. The zoning (MX-L) allows for diverse uses, maximizing investment potential. Key features include a 2,155 sq ft bar and restaurant (Vultures Bar and Restaurant) situated at the corner of Platte and Iowa Avenues. Additionally, there are six cottages, a three-unit apartment building, and an office/apartment building, all offering significant renovation or redevelopment potential. A substantial 2,225 sq ft retail building facing Platte Avenue benefits from considerable daily drive-by traffic. Finally, a large vacant lot (11,979 sq ft) at the rear of the property provides ample space for future expansion or development. The asking price is $1,400,000. This property presents a unique chance to capitalize on a prime location and diverse existing structures in a thriving Colorado Springs market. The combination of established businesses and significant development potential makes this an attractive investment for discerning buyers.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1941
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,155 SF
Lot 0.27 ac (11,595 SF)
Zoning code C6
APN 6416209054
UPID US13-0898500
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Vultures Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
STEPHANIE L B JOHNSON
STEPHANIE L B JOHNSON
Zoning & alternative use
C6 · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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