For Sale
$2,650,000

4615 Northpark DrColorado Springs, CO 80918

Colorado Springs Office Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Colorado Springs office building, located at 4615 Northpark Drive, 80918, offers a compelling investment opportunity. The 13,818 square foot, two-story building features a concrete tilt-up construction and sits on a generous 59,525 square foot lot. Originally built in 1970, the property has undergone significant improvements, including a new roof and updated RTUs. The building generates substantial income, with approximately $6,000 in monthly gross income from six second-floor suites under month-to-month leases. Annual property insurance costs are around $2,100, and annual property taxes are estimated at $16,000. The main level comprises two suites: Suite 101 (1,250 square feet) includes reception, conference areas, and four private offices

Highlights

  • Exceptional investment opportunity: 13,818 SF two-story office building in Colorado Springs (80918).
  • Concrete tilt-up construction on a 59,525 SF lot.
  • Significant recent improvements including a new roof and updated RTUs.
  • Strong cash flow: $6,000/month gross income from six month-to-month second-floor suites.
  • Annual property taxes ~$16,000; annual insurance ~$2,100.
  • Main level features two suites, including a 1,250 SF suite with reception, conference areas, and four private offices.

Property Details for 4615 Northpark Dr

Property type
Office properties
Square Feet
13,818 SF

Location Insight

City
Colorado Springs
County
El Paso
State
Colorado
Latitude
38.8982823
Longitude
-104.8266288
4615 Northpark Dr, Colorado Springs, Colorado

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4615 Northpark Dr
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