320 N Circle Dr Colorado Springs, CO 80909
For Sale
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This exceptional 3,938 square foot free-standing restaurant building, located at 320 N Circle Dr in Colorado Springs, CO 80909, presents a lucrative investment opportunity. Built in 1975 and boasting 100% occupancy, the property is situated on a sizable 24,000 square foot lot, offering ample parking with 35+ spaces, recently repaved and restriped. The single-story building is zoned C6 and features a single unit. The asking price is $1,065,000, translating to $270.44 per square foot. This well-maintained establishment has enjoyed a long and successful history as a family-owned restaurant since its construction. Its prime location on Circle Drive, near Platte Avenue, ensures high visibility and accessibility. The property's potential extends beyond its current use; an adjacent, similarly zoned (C6) parcel of 22,400 square feet is available for purchase for $895,000, offering significant redevelopment possibilities for an ambitious investor seeking expansion. This presents a unique chance to acquire a thriving business or to capitalize on the potential for future development in a desirable Colorado Springs location. The property's APN is 6416115008.
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Bean Bandit Mexican Restaurant Restaurant
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 · 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.