449 Manitou Ave Manitou Springs, CO 80829-2318
This exceptional 5,397 square foot vacant commercial building, located at 449 Manitou Ave in Manitou Springs, Colorado, presents a unique investment opportunity. Priced at $1,200,000 ($222.35/sq ft), this freestanding structure boasts high visibility on Manitou Avenue and offers significant potential for a variety of uses. Currently configured as an auto shop, the property features a large open free-span space ideal for various businesses, along with additional bays accessible from a secured side lot. The existing layout includes a reception area and offices situated in the front corner. Ample off-street parking is available both in front and to the side of the building. Constructed in 1965, the building is of concrete t-beam construction, situated on a 16,414 square foot lot. The property is zoned for commercial use and is currently vacant, providing immediate occupancy for the new owner. This single-story building presents a rare chance to acquire a well-located, versatile commercial property in a thriving Colorado community. The property's size, location, and existing infrastructure make it an attractive option for entrepreneurs and investors alike. Broker co-op is available.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.