2685 Durango Dr Colorado Springs, CO 80910

This exceptional 10,818-square-foot industrial warehouse, situated at 2685 Durango Dr, Colorado Springs, CO 80910, presents a compelling investment opportunity. Built in 1972 and renovated in 2016, this single-story building boasts a 12-foot ceiling height and ample HVAC throughout the heated and cooled warehouse space. The property features 3 dock-high doors, providing efficient loading and unloading capabilities. Additionally, there are 3 drive-in doors, enhancing operational flexibility. A fenced and gated rear yard offers secure outdoor storage. Power is abundant, with a substantial 1200 amps available. The property sits on a 0.64-acre lot and is zoned G-I (General Industrial), making it suitable for various industrial uses, including distribution and manufacturing. This vacant property offers a Net Operating Income (NOI) of $123,325, with a pro-forma cap rate of 8.84%. The asking price is $1,395,000, translating to $128.95 per square foot. Benefiting from its location near I-25 and Highway 24 East, this property is strategically positioned within an Opportunity Zone, Enterprise Zone, and Chip Manufacturing Zone in El Paso County. The property is offered as a vacant, owner-user investment under a NNN lease type. This is a Class C building with 100% ownership. The APN is 64342-05-029. The seller is motivated.