3501 Colorado Ave Colorado Springs, CO 80904-1911

This exceptional redevelopment opportunity presents a 10-unit motel situated on a 19,394 sq ft lot at 3501 W Colorado Ave, Colorado Springs, CO 80904. Currently vacant, the property comprises four single-story buildings, offering significant potential for repurposing. The existing structures consist of nine hotel units and a single-family home. Interior demolition has already commenced, with some plumbing roughed in. The property benefits from a C5 zoning designation, allowing for diverse development options, including renovation of existing structures or complete demolition to accommodate a new build. Its location on the desirable west side of Colorado Springs, near Garden of the Gods, ensures high visibility and accessibility. The asking price is $593,000. This presents a unique chance to capitalize on the vibrant Colorado Springs market and create a high-return investment. The property's existing infrastructure, combined with its flexible zoning, makes it an ideal canvas for a variety of development projects. Serious investors are encouraged to explore the possibilities this prime location offers.