For Sale
$795,000

320 Santa Fe Ave Fountain, CO 80817

Prime Fountain location, 3,208 SF, $795,000

Overview

Added:
Dec 11, 2024
Days on market:
138
This 3,208-square-foot Class B medical office building in Fountain, Colorado, is situated on a 17,030-square-foot lot at 320 S Santa Fe Ave, 80817. Priced at $795,000 ($247.82/sq ft), it presents a compelling owner-user opportunity. The property features high visibility along a main thoroughfare leading from I-25 to downtown Fountain, with enhanced accessibility anticipated this year due to city improvements. The building is currently multi-tenant, with 1,000 square feet leased to a state entity on a short-term basis (through May) and 2,000 square feet vacant. The vacant space, previously a dental office for over 30 years, is move-in ready for a similar practice or other suitable uses, such as a daycare or animal hospital. This flexible layout allows for owner-occupancy with supplemental income from the existing lease or long-term rental income from the front space. The modified lease structure provides a unique opportunity to plan renovations coinciding with the lease expiration in the spring. This property offers a blend of immediate income potential and long-term growth prospects in a thriving Colorado community.

Highlights

  • $795,000 Asking Price
  • 3,208 SF Medical Office Building
  • Class B, Multi-Tenant Property
  • Owner/User Investment Opportunity
  • Modified Lease in Place, $247.82/SF
  • 17,030 SF Lot Size, Located at 320 S Santa Fe Ave, Fountain, CO 80817

Property Details for 320 Santa Fe Ave

Property type
Office properties, Medical offices
Square Feet
3,208 SF
Class
B

Location Insight

City
Fountain
County
El Paso
State
Colorado
Latitude
38.6800335
Longitude
-104.7040363

FAQs

What type of property is this?
Office property - Prime Fountain location, 3,208 SF, $795,000
Where is the office property located?
The property is located at 320 Santa Fe Ave Fountain, CO.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: $795,000 Asking Price; 3,208 SF Medical Office Building; Class B, Multi-Tenant Property
How can I contact the broker?
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320 Santa Fe Ave
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