2886 South Circle Dr Colorado Springs, CO 80906
For Lease
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This exceptional retail space, totaling 2,580 square feet, is available for lease within the recently renovated Alta Apartments complex in Colorado Springs, CO. Located at 2886 S Circle Dr, 80906, this property boasts excellent visibility and accessibility, situated directly off I-25 and Circle Drive, ensuring high traffic exposure. Previously used as a bar/lounge, the space retains existing infrastructure suitable for similar uses, although it lacks a hood or grease trap. The versatile layout presents numerous possibilities, including a boutique, retail store, meeting space, social house, design studio, clothing or gift store, dispatch center, or community church. The space benefits from its proximity to the apartment complex's main lobby, providing direct access to 496 residential units. Building and monument signage opportunities are available, further enhancing visibility and brand recognition. The building itself was constructed in 1974 and underwent a complete renovation in 2024. The total building square footage is 317,772 square feet, with this particular space offering flexibility for various business types. This location in El Paso County offers a unique opportunity to establish a thriving business within a vibrant residential community. The space is part of a larger multi-tenant building.
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gsXsiempre (Bike/Boat/Book/etc) Store Cosmetic Store
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
PBC · Colorado Springs, COCosts & 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.