3820 Hancock Expy Colorado Springs, CO 80911-1231
- Manufacturing properties
- 40,688 SF
- 13.31 lot acres
May 10, 2021
Current Use by Public Records
- Copa Cabana 2 / Event Venue
- Pure Hemp Supply / Herbal Medicine Store
- White Buffalo Hemp Company / Agricultural Service
- PDR Mobile Auto Dent Removal & Paint / Auto Dent Removal Service
Property Details for 3820 Hancock Expy
- Year built
- 1974
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 13.31 lot acres
- Property size
- 40,688 SF
- Zone code
- I-3 CAD-O
- Property type
- Manufacturing properties
- APN
- 6502000136
- APU
- 6502000136
Description
This vacant, 49,800-square-foot industrial building in Colorado Springs, Colorado presents a compelling value-add investment opportunity. Located at 3820 Hancock Expressway, this Class B property sits on a spacious 13.31-acre lot zoned GI in El Paso County (zip code 80911). Built in 1974, the structure features a combination of warehouse (70%) and office (30%) space, boasting 14-foot clear heights. The building includes two loading docks and two dock-high doors, along with a fully sprinklered system. Its strategic location offers convenient access to major thoroughfares like Powers Boulevard and Milton Proby Parkway, providing easy access to the Colorado Springs Airport. The expansive lot size and flexible zoning (GI) make this property ideal for various industrial uses, including potential expansion or redevelopment for industrial outdoor storage or further industrial development. The asking price is $8,600,000, translating to $172.69 per square foot. This property is currently vacant, offering immediate potential for lease or redevelopment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.741
- Latitude
- 38.776
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
