320 Santa Fe Ave Fountain, CO 80817
- Medical offices
- 3,208 SF
- 0.39 lot acres
Current Use by Public Records
- Dr. Doxiades A. Hill, DDS / Dentist
- New Beginnings Dental Center / Dentist
- CO SCOPE / Research Institute
Property Details for 320 Santa Fe Ave
- Year built
- 1985
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.39 lot acres
- Property size
- 3,208 SF
- Zone code
- C-2
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 5606414009
- APU
- 5606414009
Description
This 3,208-square-foot Class B medical office building in Fountain, Colorado, is situated on a 17,030-square-foot lot at 320 S Santa Fe Ave, 80817. Priced at $795,000 ($247.82/sq ft), it presents a compelling owner-user opportunity. The property features high visibility along a main thoroughfare leading from I-25 to downtown Fountain, with enhanced accessibility anticipated this year due to city improvements. The building is currently multi-tenant, with 1,000 square feet leased to a state entity on a short-term basis (through May) and 2,000 square feet vacant. The vacant space, previously a dental office for over 30 years, is move-in ready for a similar practice or other suitable uses, such as a daycare or animal hospital. This flexible layout allows for owner-occupancy with supplemental income from the existing lease or long-term rental income from the front space. The modified lease structure provides a unique opportunity to plan renovations coinciding with the lease expiration in the spring. This property offers a blend of immediate income potential and long-term growth prospects in a thriving Colorado community.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fountain
- County
- El Paso
- State
- Colorado
- Longitude
- -104.704
- Latitude
- 38.68
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
