481 Highway 105Monument, CO 80132

Property Details for 481 Highway 105

Year built

1984

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.60 AC

Property size (Sq ft)

11,030 SF

Zone code

CC

Property type

Retail properties

Property subtype

Strip malls

APN

7114203057

APU

7114203057

Description

Monument Plaza, located at 481 W Hwy 105 in Colorado Springs, CO 80132, presents a unique opportunity within the thriving CO - Colorado Springs Tri-Lakes submarket. This single-story, 29,204 square foot retail strip center, built in 1984, sits on a 3.6-acre lot (156,816 square feet) and is zoned C-1 (Monument). Currently, there is 1,050 square feet of vacant space available for lease within this established center. The property boasts a strong tenant roster including Farmers Insurance, Domino's Pizza, Horseshoe Donuts, Broken Bones Barbecue, American Family Insurance, RoadStar Academy, Live Now, Game City, TK Nails, Dirty Dogs Grooming, Inconceivable Toys and Games, Rocky Mountain Barbershop, Beads & Needs, Chief Vapor, and Columbine Gardens. Ample parking is provided with 111 spaces, a ratio of 4 spaces per 1,000 square feet. This well-maintained property offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. The property is located in El Paso County.

• CAP approach

  CAP return

  Valuation

  6%

  $3,546,578

  6.5%

  $3,273,764

  7%

  $3,039,924

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,296,472

  Geo Method

  $2,296,472

• Alternative Use

  Use

  Valuation

  Residential

  $2,761,543

  Hospitality

  $2,529,558

  Educational

  $2,104,563

  Medical

  $2,176,942

  Retail

  $3,273,764

Location Insight

City

Monument

County

El Paso

State

Colorado

Latitude

39.0951

Longitude

-104.866

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].