2838 Prospect StColorado Springs, CO 80907

This exceptional investment opportunity presents a 12,400 square foot, single-story industrial building located at 2838 N Prospect St, Colorado Springs, CO 80907. The property, situated on a 0.54-acre lot and zoned M1, features three separate tenant suites in a modified net lease structure. Built in 1973 and extensively renovated in 2023, the building boasts a new roof, updated heating units in each suite, a new gas line, and fresh flooring and paint in suites C & D. The property also includes a newly paved and restriped parking lot and new monument signage. The building offers 12-foot ceilings and three loading docks. With a total asking price of $1,510,599, a net operating income (NOI) of $105,718, and a compelling 7.00% cap rate, this multi-tenant industrial property presents a strong return on investment. The price per square foot is $121.82. This rare small bay multi-tenant investment opportunity is ideal for investors seeking a well-maintained, income-producing asset in a desirable Colorado Springs location.