412 8Th StColorado Springs, CO 80905

Property Details for 412 8Th St

Year built

1957

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.74 AC

Property size (Sq ft)

10,433 SF

Zone code

C6

Property type

Strip malls

Property subtype

Neighborhood centers

APN

7413313137

APU

7413313137

Description

This exceptional single-story retail property, located at 412 S 8th St in Colorado Springs, CO 80905, offers 10,433 square feet of total building space on a generous 32,043 square foot lot. The property features a strip retail configuration with multiple tenancies, presenting a unique opportunity for businesses seeking high-visibility locations. Currently, there are two available spaces ranging from 982 to 2,350 square feet, providing flexibility for various retail concepts. The property's convenient location in El Paso County ensures excellent access to a thriving customer base. The property's APN is 7413313137. With 3,332 square feet currently vacant, this presents a chance to establish a presence in a well-established commercial area. The building's single-story design offers easy accessibility and efficient use of space. This property is ideal for businesses seeking a strong foothold in a dynamic Colorado Springs market. The ample lot size provides ample parking and potential for future expansion. This is a rare opportunity to secure prime retail space in a high-traffic area. Don't miss out on this chance to establish your business in a vibrant and growing community.

• CAP approach

  CAP return

  Valuation

  6%

  $2,639,180

  6.5%

  $2,436,160

  7%

  $2,262,150

• Comparable approach

  Method

  Valuation

  Relative Method

  $896,453

  Geo Method

  $896,453

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,781,970

  Mixed-Use / Specialty

  $2,414,860

  Hospitality / Lodging

  $1,755,290

  Office

  $2,387,380

  Institutional / Educational

  $2,505,980

  Residential Income

  $2,931,990

  Multifamily

  $3,586,400

  Automotive / Energy

  $2,147,980

  Parking / Income-Based Land

  $753,703

  Restaurant / Food Service

  $1,229,070

  Healthcare / Senior Housing

  $2,489,330

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8274

Longitude

-104.841

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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