For Sale
$1,795,000

702 Tejon St Colorado Springs, CO 80903

Fully Leased, High-Demand Downtown Location

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents three buildings totaling 8,633 net rentable square feet situated on a 14,991 square foot lot at the highly desirable Northwest corner of North Tejon and East Monument Streets in Colorado Springs, Colorado. The property, comprised of three parcels (APN: 6407305022, 6407305021, 6407305020), consists of six fully occupied medical office units across two stories. Built in 1941 and 1960, these well-maintained buildings boast a 100% occupancy rate, generating a strong cash flow. The asking price is $1,795,000, translating to $207.92 per square foot. Conveniently located one block from the Ed Robson Arena, this prime location offers exceptional visibility and accessibility, benefiting from proximity to the vibrant North Tejon Corridor's diverse restaurants, shopping, and amenities. Easy access is also provided via the Bijou and Uintah exits. The property is zoned FBZ-T2A. This is a rare chance to acquire a stable, high-performing medical office portfolio in a thriving downtown area. The buildings offer a unique blend of history and modern functionality, making this an ideal investment for discerning buyers seeking a strong return on investment in a highly sought-after location.

Highlights

  • $1,795,000 asking price for a multifamily, mixed-use property with medical office subtype.
  • 8,633 square feet, 100% occupied, with six tenants.
  • Class D, three buildings on three parcels totaling 14,991 square feet.
  • Located at 702 N Tejon St, Colorado Springs, CO 80903, in the desirable downtown corridor, one block from Ed Robson Arena.
  • Six units across three buildings, built in 1941 and 1960, with two stories each.
  • $207.92 price per square foot.

Property Details for 702 Tejon St

Property type
Office properties, Medical offices
Square Feet
8,633 SF
Class
D
Buildings
3
Stories
2
Units
6

Location Insight

City
Colorado Springs
County
El Paso
State
Colorado
Latitude
38.8439603
Longitude
-104.8232434

FAQs

What type of property is this?
Office property - Fully Leased, High-Demand Downtown Location
Where is the office property located?
The property is located at 702 Tejon St Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: $1,795,000 asking price for a multifamily, mixed-use property with medical office subtype.; 8,633 square feet, 100% occupied, with six tenants.; Class D, three buildings on three parcels totaling 14,991 square feet.
How can I contact the broker?
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702 Tejon St
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