410 Santa Fe Ave Fountain, CO 80817
- Retail space
- 1,201 SF
- 0.35 lot acres
Current Use by Public Records
- ATM / Atm
- United Business Bank / Bank
- Cimino Auto Sales / Used Car Dealer
Property Details for 410 Santa Fe Ave
- Year built
- 1949
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.35 lot acres
- Property size
- 1,201 SF
- Zone code
- C-2
- Property type
- Retail space
- APN
- 5606100009
- APU
- 5606100009
Description
This exceptional investment opportunity presents three adjoining retail properties totaling 1,201 square feet on a 0.35-acre lot in Fountain, Colorado. Located at 410 N Santa Fe Avenue, this single-tenant property boasts a prime corner location at a major intersection (N Santa Fe & Alabama Avenues), ensuring high visibility and significant foot traffic. The 1-story, Class D building, constructed in 1949, offers 1,201 square feet of vacant space, perfect for a variety of retail uses. The property features two water taps and ample parking with two designated spaces. The zoning is CU, providing flexibility for potential development or expansion. This is a unique opportunity to acquire three properties as a single package, offering significant potential for rental income or redevelopment. The convenient location near the fire department and police station adds to its appeal. The level lot and high traffic volume make this an ideal location for a thriving business. All three parcels must be purchased together; individual sales are not permitted unless otherwise agreed upon by the seller. This property is being sold as a package deal with two adjacent properties.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $360,000
- 6.5%
- $340,000
- 7%
- $375,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $400,000
- Geo Method
- $350,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $380,000
- Retail
- $310,000
- Mixed-Use
- $340,000
- Hospitality
- $350,000
- Educational
- $380,000
- Residential Income
- $385,000
- Energy
- $275,000
- Income-Based Land
- $330,000
- Food Service
- $370,000
Location Insight
- Map
- Local Demand
- City
- Fountain
- County
- El Paso
- State
- Colorado
- Longitude
- -104.704
- Latitude
- 38.6861
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA