3729 Austin Bluffs PkwyColorado Springs, CO 80918

Property Details for 3729 Austin Bluffs Pkwy

Property size (Sq ft)

6,000 SF

Property type

Retail properties

Description

This exceptional retail investment opportunity in Colorado Springs, Colorado, presents a compelling chance to acquire two of three available retail condos at 3729-3737 Austin Bluffs Parkway. The property boasts a total of 6,000 square feet and commands a desirable asking price of $2,252,000, translating to a price per square foot of $375.33. The property benefits from a strong 7.27% capitalization rate, generating a substantial net operating income (NOI) of $163,812. Located in El Paso County, with a zip code of 80918, this property enjoys high visibility at the intersection of Austin Bluffs Parkway and Academy Boulevard, one of Colorado Springs' busiest and most well-lit intersections. The existing tenants, boasting strong financials, have occupied the space for over five years, ensuring a stable and consistent cash flow. The building itself is exceptionally well-maintained and clean, minimizing maintenance needs and maximizing return on investment. The property is zoned PBC, and offers a low-maintenance, high-cash-flow investment opportunity. This is an ideal addition to any portfolio seeking steady income and long-term growth potential.

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8904

Longitude

-104.758

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