625 Paonia St Colorado Springs, CO 80915
- Distribution centers
- 10,500 SF
- 2.00 lot acres
Current Use by Public Records
- Distribution centers
Property Details for 625 Paonia St
- Year built
- 1996
- Construction
- STEEL FRAME
- Lot size
- 2.00 lot acres
- Property size
- 10,500 SF
- Zone code
- I-2 CAD-O
- Property type
- Distribution centers
- APN
- 5407315024
- APU
- 5407315024
Description
This exceptional 1-acre parcel presents a unique opportunity for industrial or commercial development. Strategically located off the intersection of Powers Boulevard and Highway 24, this property boasts unparalleled accessibility and visibility. The single-tenant configuration offers flexibility for a variety of uses, eliminating the complexities of multi-tenant management. Ample on-site parking is readily available, catering to both employees and clients. Furthermore, the property's proximity to public transportation provides convenient commuting options for staff and visitors. The land is offered at a highly competitive rate of $1 per square foot on a gross lease basis, making it an attractive investment for businesses seeking a cost-effective and strategically positioned location. This prime location offers significant potential for growth and profitability, making it an ideal choice for companies seeking to establish or expand their operations in a thriving area. The ease of access to major transportation arteries ensures seamless logistics and efficient distribution networks. This property is ready for immediate development, presenting a rare opportunity to secure a valuable asset in a high-demand market. Don't miss this chance to acquire this exceptional industrial land parcel.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,190,000
- ML approach
- $2,205,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,930,000
- 6.5%
- $1,780,000
- 7%
- $1,655,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,399,000
Market price range: $1.40M - $2.13M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $1,675,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $2,800,000 Change: +67% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $2,585,000 Change: +54% Conversion: Easy
- MEDICAL BUILDING
- $2,525,000 Change: +51% Conversion: Difficult
- OFFICE BUILDING
- $2,240,000 Change: +34% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.717
- Latitude
- 38.8412
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
