2616 W Colorado Ave Colorado Springs, CO 80904
For Sale
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This exceptional Old Colorado City property offers a unique investment opportunity. Located in a high-traffic area on the west side of Colorado Springs, this three-building complex boasts a southwestern-style horseshoe configuration. The main building and smaller adjacent structures provide a total of 16,413 square feet of space, divided into 20 suites. Three retail spaces are currently available, ranging from 466 to 736 square feet, ideal for a variety of businesses. The property features excellent visibility and signage opportunities, ensuring maximum exposure. Built in 1952, the two-story complex is classified as Class C and sits on a 30,000 square foot lot. The zoning is MX-L, and the property includes 38 parking spaces. The minimum divisible space is 300 square feet, with a maximum contiguous space of 1,500 square feet. This location offers affordable lease rates and a desirable tenant mix within a thriving, historic neighborhood. The property's address is conveniently located near 26th Street in the Old Colorado City submarket of El Paso County, with the APN 74112-26-068. This is a rare chance to acquire a well-established commercial property in a highly sought-after area.
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Yellow Mountain Tea House Restaurant
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Merlin's Realm (Bike/Boat/Book/etc) Store
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Yeden CBD Department Store
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Whimsy Well Gym & Fitness Center Alternative Medicine Practice
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Watergirls Wellness Physician
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.
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.