2817 Nevada Ave Colorado Springs, CO 80907-6222
This exceptional restaurant opportunity is located at 2817 N Nevada Ave in Colorado Springs, Colorado, within the highly desirable 80907 zip code. The property boasts a spacious 5,500 square foot building situated on a substantial 37,970 square foot lot, offering ample space for both indoor and outdoor dining or expansion. Built in 1939, the property includes two buildings and provides 74 parking spaces, ensuring convenient access for patrons. The asking price is $999,500, translating to $262.73 per square foot. The property benefits from a C6 NN0 permitted zoning classification and enjoys excellent visibility and accessibility from Nevada Avenue, a major north-south thoroughfare in Colorado Springs. Its strategic location offers close proximity to thriving retail developments, including Vasa Fitness and Roadhouse Cinema, and provides easy access to downtown Colorado Springs and Interstate 25, ensuring high traffic volume and visibility. The existing infrastructure includes a robust 1 1/2 inch water service, a 1 1/4 inch gas service, and a 120/480 electrical service, providing a solid foundation for a new restaurant concept. This vacant property presents a unique chance to establish a successful restaurant business in a prime Colorado Springs location. The property's size, parking, and location combine to create a compelling investment opportunity.
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 NNA · 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.