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Property profile & analytics
FOR SALE
Turn key restaurants

320 N Circle Dr Colorado Springs, CO 80909

3,938 SF 0.55 ac lot Built 1975
Entity Owned 7-yr Hold Free & Clear
Property ID
US13-0897960
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1975
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,938 SF
Lot 0.55 ac (24,000 SF)
Zoning code C6
APN 6416115008
UPID US13-0897960
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
  • Bean Bandit Mexican Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
19667 LLC · 7 yrs held
19667 LLC
since 2019
1 recorded transaction
2019
Price N/A
Zoning & alternative use
C6 · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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