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Property profile & analytics
FOR SALE
Strip malls

2616 W Colorado Ave Colorado Springs, CO 80904

1,792 SF 0.69 ac lot Built 1952
Individually Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US13-1073820
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1952
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,792 SF
Lot 0.69 ac (30,000 SF)
Zoning code C6
APN 7411226068
UPID US13-1073820
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
  • Yellow Mountain Tea House Restaurant
  • Merlin's Realm (Bike/Boat/Book/etc) Store
  • Yeden CBD Department Store
  • Whimsy Well Gym & Fitness Center Alternative Medicine Practice
  • Watergirls Wellness Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Old Colorado Square Ltd · 2 yrs held
Old Colorado Square Ltd
since 2023
4 recorded transactions
2023
Price N/A
2016
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C6 · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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