606 Santa Fe AveFountain, CO 80817

Property Details for 606 Santa Fe Ave

Year built

1990

Construction

WOOD FRAME

Lot size

2.32 AC

Property size (Sq ft)

4,620 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Turn key restaurants

APN

5607104006

APU

5607104006

Description

This exceptional 4,620 square-foot retail building, located at 606 S Santa Fe Avenue in El Paso County, presents a unique investment opportunity. Situated on a substantial 2.3-acre lot, the property boasts unparalleled visibility and accessibility due to its convenient location directly off Interstate 25. Currently occupied by Fountain Creek Winery & Eatery, the versatile floor plan lends itself to a wide range of business uses, making it an attractive prospect for both established businesses and new ventures. The building's single-tenant occupancy simplifies management and provides a stable income stream. The property offers significant redevelopment potential, given its size and prime location. Quick access to I-25 ensures high traffic volume and excellent exposure to potential customers. The current owner is open to including the business and its fixtures, furniture, and equipment (FF&E) in the sale, presenting a turnkey opportunity for a seamless transition. This is a rare chance to acquire a well-positioned retail property with substantial upside potential. Further details and scheduling of a property tour can be arranged upon request. The property is categorized as a restaurant but is suitable for various retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,485,512

  6.5%

  $1,371,241

  7%

  $1,273,296

• Comparable approach

  Method

  Valuation

  Relative Method

  $961,895

  Geo Method

  $961,895

• Alternative Use

  Use

  Valuation

  Residential

  $1,156,693

  Hospitality

  $1,059,525

  Educational

  $881,512

  Medical

  $911,829

  Retail

  $1,371,241

Location Insight

City

Fountain

County

El Paso

State

Colorado

Latitude

38.6755

Longitude

-104.705

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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