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    FOR SALE
    Auto shops

    404 S Circle Dr, Colorado Springs, CO 80910

    1,991 SF 0.51 ac lot Built 1970
    Individually Owned 20-yr Hold ~ Est. High Equity
    Property ID
    US13-2743969
    Property summary
    AI-generated overview

    This exceptional 1,991 square foot retail property, located at 404 S Circle Dr, Colorado Springs, CO 80910, presents a unique investment opportunity. Currently configured as a long-established service center, this single-tenant building boasts a convenient overhead drive-in to the main entrance, ideal for automotive businesses. The interior features impressive 12-foot ceilings, providing ample space and a sense of openness. Three 10-foot bay doors facilitate efficient vehicle access and servicing. Beyond the bays, the property includes a well-appointed office, a welcoming lobby area, a dedicated service area, and substantial storage space. Situated on a sizable 22,316 square foot lot, the property offers ample room for operations and potential expansion. The rear of the lot is fully fenced, providing security and privacy. The strategic corner location on a high-traffic road ensures excellent visibility and accessibility, with the added benefit of being just an eight-minute drive from downtown Colorado Springs. This property is ready for immediate occupancy and presents a compelling opportunity for a variety of automotive-related businesses.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1970
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 1,991 SF
    Lot 0.51 ac (22,316 SF)
    Zoning code PBC
    APN 6421102006
    UPID US13-2743969
    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
    • Agua Frescas Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Yolanda Nayares · 20 yrs held
    Yolanda Nayares
    since 2006
    3 recorded transactions
    2006
    $350,000
    2004
    2003
    Zoning & alternative use
    PBC · Colorado Springs, CO
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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