305 Hancock Ave Colorado Springs, CO 80903-3740
This exceptional 1,291 square foot flex space, located at 305 S Hancock Avenue in Colorado Springs, CO 80903, presents a unique investment opportunity. The property sits on a 0.287-acre lot and boasts a convenient location backing up to Memorial Park, offering high visibility and a desirable setting. Currently vacant, this freestanding building is zoned PBC, allowing for a wide array of business uses. The asking price is $495,000, translating to $383.42 per square foot. Its previous use was retail/industrial, making it ideal for a variety of potential redevelopment projects. The central location and flexible zoning make this property an attractive option for owner-users seeking a versatile space with excellent potential. The property's proximity to Memorial Park provides a tranquil backdrop while maintaining high visibility for businesses. This is a rare opportunity to acquire a well-situated, adaptable property in a thriving Colorado Springs neighborhood. Serious inquiries are encouraged.
-
Door Check Sales & Service Hardware & Home Improvement Production Facility
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, 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.