1793 8Th StColorado Springs, CO 80905
- Retail properties
- 1,297 SF
Property Details for 1793 8Th St
- Year built
- 1975
- Construction
- WOOD FRAME
- Lot size
- 0.30 AC
- Property size (Sq ft)
- 1,297 SF
- Zone code
- C5
- Property type
- Retail properties
- Property subtype
- Banks
- APN
- 7425109025
- APU
- 7425109025
Description
This freestanding retail building, totaling 1,297 square feet, presents a fantastic opportunity in Colorado Springs, CO. Located at 1793 S 8th St, this single-tenant property sits on a spacious 13,000 square foot lot and boasts excellent visibility and accessibility from 8th Street and Cheyenne Boulevard. The C5 (MX-M) zoning allows for a variety of uses. Previously used for finance and banking, the building is ready for immediate occupancy and features a convenient covered drive-thru, making it ideal for a coffee shop, fast-food restaurant, ice cream parlor, or takeout cafe. Its strategic location benefits from high-density housing in the immediate area and proximity to the Lower Skyway and Cheyenne Canyon residential neighborhoods, ensuring a strong customer base. The property's size and features make it an attractive investment for businesses seeking a high-traffic location with established infrastructure. This is a rare opportunity to acquire a well-situated, move-in ready commercial property in a thriving Colorado Springs neighborhood.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $417,036
- 6.5%
- $384,957
- 7%
- $357,460
-
Comparable approach
- Method
- Valuation
- Relative Method
- $270,038
- Geo Method
- $270,038
-
Alternative Use
- Use
- Valuation
- Residential
- $324,725
- Hospitality
- $297,447
- Educational
- $247,472
- Medical
- $255,983
- Retail
- $384,957
Location Insight
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Latitude
- 38.8042
- Longitude
- -104.84
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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