924 Manitou Ave Manitou Springs, CO 80829-1759
This exceptional 1,170-square-foot restaurant located at 924 Manitou Avenue in Manitou Springs, Colorado, presents a unique investment opportunity. Priced at $895,000, this property boasts a rich history, having served as a community staple since 1948, though recently closed due to personal reasons. Situated in the heart of Manitou Springs, a town renowned for its mineral springs and proximity to Garden of the Gods and Pikes Peak, this location benefits from exceptionally high foot traffic. The building itself features charming aesthetics, including beautiful hardwood floors and three walls of glass, maximizing natural light and showcasing the vibrant atmosphere. Its prime location next to the famous Penny Arcade further enhances its visibility and accessibility to the over 250,000 annual visitors to Manitou Springs. Built in 1935, this property offers a blend of historical charm and modern potential, making it an ideal opportunity for a discerning restaurateur or investor seeking a well-established location in a thriving tourist destination. The property is zoned for retail use and is situated in El Paso County, Colorado, zip code 80829.
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
DWTN · Manitou Springs, COManitou Springs. Always verify with local authorities before improvements.
No recorded transactions found for this property.
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.