Property profile

606 S Santa Fe Ave Fountain, CO 80817

FOR SALE
Turn key restaurants
Property ID
US13-2579983
4,620 SF 2.32 ac lot Built 1990
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4,620 square-foot retail building, located at 606 S Santa Fe Avenue in El Paso County, presents a unique investment opportunity. Situated on a substantial 2.3-acre lot, the property boasts unparalleled visibility and accessibility due to its convenient location directly off Interstate 25. Currently occupied by Fountain Creek Winery & Eatery, the versatile floor plan lends itself to a wide range of business uses, making it an attractive prospect for both established businesses and new ventures. The building's single-tenant occupancy simplifies management and provides a stable income stream. The property offers significant redevelopment potential, given its size and prime location. Quick access to I-25 ensures high traffic volume and excellent exposure to potential customers. The current owner is open to including the business and its fixtures, furniture, and equipment (FF&E) in the sale, presenting a turnkey opportunity for a seamless transition. This is a rare chance to acquire a well-positioned retail property with substantial upside potential. Further details and scheduling of a property tour can be arranged upon request. The property is categorized as a restaurant but is suitable for various retail uses.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1990
Construction WOOD FRAME
Total area 4,620 SF
Lot 2.32 ac (101,059 SF)
Zoning code C-2
APN 5607104006
UPID US13-2579983

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Brewery & Distillery Specialty Food Shop

Location

606 S Santa Fe Ave Fountain, CO 80817
Fountain metro Census 4516 COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$480k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$495k

Owner & transaction history

since 2021
Last sale
$500,000
7 recorded transactions
2023
Price N/A
2023
Price N/A
2021
$500,000
2008
Price N/A
2008
$343,871
2000
$485,000
1969
Price N/A

Zoning & alternative use

C-2 · Fountain, CO

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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