303 Highway 105Monument, CO 80132

Property Details for 303 Highway 105

Year built

1978

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.38 AC

Property size (Sq ft)

5,700 SF

Zone code

CC

Property type

Retail properties

Property subtype

Auto shops

APN

7114203059

APU

7114203059

Description

This Monument, CO retail space, located at 303 W Hwy 105 (corner of 3rd Street), offers 1,800 square feet of vacant space within a 5,000 square foot building. The property sits on a 0.378-acre lot and is zoned CC. This versatile space is ideal for a variety of retail uses and features a wide-open area suitable for showroom, sales floor, reception, or conference room configurations. The suite includes one office, one bathroom, and one backroom. The property's location in the thriving Monument community provides excellent visibility and access to a growing market. This is a multi-tenant building offering a prime opportunity for businesses seeking a high-traffic location in a desirable Colorado town. The address is 303 W Hwy 105, Monument, CO 80132.

• CAP approach

  CAP return

  Valuation

  6%

  $1,832,774

  6.5%

  $1,691,791

  7%

  $1,570,949

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,186,754

  Geo Method

  $1,186,754

• Alternative Use

  Use

  Valuation

  Residential

  $1,427,089

  Hospitality

  $1,307,206

  Educational

  $1,087,580

  Medical

  $1,124,984

  Retail

  $1,691,791

Location Insight

City

Monument

County

El Paso

State

Colorado

Latitude

39.0938

Longitude

-104.865

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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