Entity Owned Property summary
This 53,743 square foot, four-story medical building, located at 3625 Parkmoor Village Dr, Colorado Springs, CO 80917, presents a unique investment opportunity. Built in 1985 and renovated in 2014, this property sits on 1.94 acres and boasts a prime location off N. Academy Blvd and Parkmoor Village Dr, offering excellent transportation access and proximity to retail and dining. Previously a 147-bed skilled nursing facility (last operated August 2022), the building is currently vacant and offers significant potential for redevelopment or adaptive reuse. Features include a sprinkler system, backup generator, and a large commercial kitchen on the lower level complete with walk-in refrigeration, freezer, dry storage, and dishwashing station. The property's zoning is OC, and its APN is 6334104023. Its convenient location and existing infrastructure make it ideal for a variety of medical uses, including skilled nursing, inpatient rehabilitation, mental health facilities, long-term care, and other wellness-related businesses. The building backs up to Palmer Park, providing a tranquil setting. Asking price is $4,000,000.
Property profile
VerifiedCap rate & NOI
Current use
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Physician Medical Clinic
Location
Value estimations
Owner & transaction history
Zoning & alternative use
B. OC - Office complex: This zone district accommodates various types of office uses performing administrative, professional and personal services. These are typically small office buildings developed in a cluster with a…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
OC · Colorado Springs, COB. OC - Office complex: This zone district accommodates various types of office uses performing administrative, professional and personal services. These are typically small office buildings developed in a cluster with a…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
B. OC - Office complex: This zone district accommodates various types of office uses performing administrative, professional and personal services. These are typically small office buildings developed in a cluster with a…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for OC in Colorado Springs, CO.
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