2100 Platte Ave Colorado Springs, CO 80909-5908
- Bars
- 2,155 SF
- 0.27 lot acres
Current Use by Public Records
- Vultures / Restaurant / Live Music Venue
Property Details for 2100 Platte Ave
- Year built
- 1941
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.27 lot acres
- Property size
- 2,155 SF
- Zone code
- C6
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 6416209054
- APU
- 6416209054
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.79
- Latitude
- 38.8373
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
