4535 Austin Bluffs PkwyColorado Springs, CO 80918

Property Details for 4535 Austin Bluffs Pkwy

Year built

1977

Lot size

2.80 AC

Property size (Sq ft)

20,400 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a 20,400 square foot shopping center located at 4535 Austin Bluffs Pkwy, Colorado Springs, CO 80918. The property, built in 1977, consists of three single-story buildings situated on a 2.8-acre lot. Currently boasting 95% occupancy with thirteen tenants, including Little Caesars, the center generates a strong NOI of $305,920, representing a 7.11% cap rate. The asking price is $4,305,000, translating to $211.03 per square foot. The property benefits from a highly visible location at the lighted hard corner of Austin Bluffs Blvd and Barnes Rd, within the rapidly growing Northeast submarket. Excellent accessibility to major retail corridors, N Academy Blvd and Powers Blvd, and proximity to densely populated neighborhoods further enhance its appeal. Zoned PBC CU AO, this versatile property offers significant potential as a stable investment or a redevelopment opportunity, leveraging its strong intrinsic land value. The Net Rentable area is 20,400 square feet, and the lease type is NNN (Triple Net).

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8966

Longitude

-104.748

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