2100 Platte Ave Colorado Springs, CO 80909-5908
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.
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Vultures Restaurant
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
C6 · Colorado Springs, COColorado Springs. Always verify with local authorities before improvements.
No recorded transactions found for this property.
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.