410 Santa Fe AveFountain, CO 80817

Property Details for 410 Santa Fe Ave

Year built

1949

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.35 AC

Property size (Sq ft)

1,201 SF

Zone code

C-2

Property type

Retail space

APN

5606100009

APU

5606100009

Description

This exceptional investment opportunity presents three adjoining retail properties totaling 1,201 square feet on a 0.35-acre lot in Fountain, Colorado. Located at 410 N Santa Fe Avenue, this single-tenant property boasts a prime corner location at a major intersection (N Santa Fe & Alabama Avenues), ensuring high visibility and significant foot traffic. The 1-story, Class D building, constructed in 1949, offers 1,201 square feet of vacant space, perfect for a variety of retail uses. The property features two water taps and ample parking with two designated spaces. The zoning is CU, providing flexibility for potential development or expansion. This is a unique opportunity to acquire three properties as a single package, offering significant potential for rental income or redevelopment. The convenient location near the fire department and police station adds to its appeal. The level lot and high traffic volume make this an ideal location for a thriving business. All three parcels must be purchased together; individual sales are not permitted unless otherwise agreed upon by the seller. This property is being sold as a package deal with two adjacent properties.

• CAP approach

  CAP return

  Valuation

  6%

  $386,169

  6.5%

  $356,463

  7%

  $331,002

• Comparable approach

  Method

  Valuation

  Relative Method

  $250,051

  Geo Method

  $250,051

• Alternative Use

  Use

  Valuation

  Residential

  $300,690

  Hospitality

  $275,431

  Educational

  $229,155

  Medical

  $237,036

  Retail

  $356,463

Location Insight

City

Fountain

County

El Paso

State

Colorado

Latitude

38.6861

Longitude

-104.704

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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