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    FOR LEASE
    Self service car washes

    2933 Sage St, Colorado Springs, CO 80907

    2,196 SF 0.37 ac lot Built 1985
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US13-2765124
    Property summary
    AI-generated overview

    This exceptional 0.37-acre commercial lot presents a compelling redevelopment opportunity in Colorado Springs, Colorado. Located at 2933 Sage St, this high-visibility corner lot boasts 2,196 square feet and is zoned C5/CR CU HS, offering significant potential for various commercial ventures. The asking price is $615,000, translating to $280.05 per square foot. The property's strategic location ensures high traffic volume, making it particularly well-suited for quick-service drive-thru establishments such as coffee shops or sandwich restaurants. An existing car wash on the property provides immediate cash flow while pre-development work with the city progresses. This presents a unique chance to generate income while planning a future development. The parcel number is 7336102019. Seller financing is available, making this an attractive investment opportunity for developers seeking a prime location with immediate return potential. The property is situated in El Paso County, Colorado, with a zip code of 80907.

    Property profile
    Verified
    Property type Self service car washes
    Use group CAR WASH - SELF-SERVE
    Year built 1985
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 2,196 SF
    Lot 0.37 ac (15,948 SF)
    Zoning code C5/CR CU HS
    APN 7336102019
    UPID US13-2765124
    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
    • Springs Car Wash Car Wash
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    by Request
    Owner & transaction history
    Santiesteban Holdings LLC · 7 yrs held
    Santiesteban Holdings LLC
    since 2018
    7 recorded transactions
    2018
    2016
    $249,900
    2014
    2005
    $210,000
    1969
    1969
    1969
    Zoning & alternative use
    C5/CR CU HS · Colorado Springs, CO
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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