For Sale
$593,000

3501 Colorado AveColorado Springs, CO 80904

10-Unit Motel, Prime Westside Location

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional redevelopment opportunity presents a 10-unit motel situated on a 19,394 sq ft lot at 3501 W Colorado Ave, Colorado Springs, CO 80904. Currently vacant, the property comprises four single-story buildings, offering significant potential for repurposing. The existing structures consist of nine hotel units and a single-family home. Interior demolition has already commenced, with some plumbing roughed in. The property benefits from a C5 zoning designation, allowing for diverse development options, including renovation of existing structures or complete demolition to accommodate a new build. Its location on the desirable west side of Colorado Springs, near Garden of the Gods, ensures high visibility and accessibility. The asking price is $593,000. This presents a unique chance to capitalize on the vibrant Colorado Springs market and create a high-return investment. The property's existing infrastructure, combined with its flexible zoning, makes it an ideal canvas for a variety of development projects. Serious investors are encouraged to explore the possibilities this prime location offers.

Highlights

  • $593,000 asking price.
  • 10-unit multifamily property with four buildings on a 19,394 sq ft lot.
  • Located at 3501 W Colorado Ave, Colorado Springs, CO 80904, near Garden of the Gods.
  • C5 zoning allows for redevelopment or renovation.
  • Rehab/redevelopment opportunity; existing structures are vacant and partially demoed.

Property Details for 3501 Colorado Ave

Property type
Retail properties, Land
Buildings
4
Stories
1
Units
10

Location Insight

City
Colorado Springs
County
El Paso
State
Colorado
Latitude
38.8558028
Longitude
-104.8807322
3501 Colorado Ave, Colorado Springs, Colorado

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3501 Colorado Ave
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