1106 Manitou AveManitou Springs, CO 80829

Property Details for 1106 Manitou Ave

Year built

1967

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.24 AC

Property size (Sq ft)

1,288 SF

Zone code

C

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

7405203078

APU

7405203078

Description

This exceptional investment opportunity presents a 1,288 square foot convenience store located at 1106 Manitou Avenue in Manitou Springs, Colorado, 80829. The property, built in 1967, sits on a large corner lot in a highly desirable location directly on Manitou Avenue, boasting significant foot and vehicle traffic. Currently operating as a convenience store, the business is included in the asking price of $750,000 ($582.30 per square foot). The property is zoned C, offering flexibility for potential buyers. The existing structure provides 1,288 square feet of net rentable space, making it ideal for continued operation as a convenience store or for redevelopment to suit a new vision. This owner/user investment presents a unique chance to acquire a well-situated commercial property with established business potential in a thriving Colorado Springs area community. The property's prime location and high visibility make it an attractive investment for both established businesses and new ventures. The sale includes the building and the existing business. Consider the potential for growth and expansion in this vibrant location. This is a rare opportunity to own a piece of Manitou Springs' commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $414,143

  6.5%

  $382,285

  7%

  $354,979

• Comparable approach

  Method

  Valuation

  Relative Method

  $268,165

  Geo Method

  $268,165

• Alternative Use

  Use

  Valuation

  Residential

  $322,472

  Hospitality

  $295,383

  Educational

  $245,755

  Medical

  $254,207

  Retail

  $382,285

Location Insight

City

Manitou Springs

County

El Paso

State

Colorado

Latitude

38.8606

Longitude

-104.921

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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