1793 8Th StColorado Springs, CO 80905

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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $328,094

  6.5%

  $302,856

  7%

  $281,224

• Comparable approach

  Method

  Valuation

  Relative Method

  $111,444

  Geo Method

  $111,444

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $594,480

  Mixed-Use / Specialty

  $300,209

  Hospitality / Lodging

  $218,212

  Office

  $296,792

  Institutional / Educational

  $311,536

  Residential Income

  $364,497

  Multifamily

  $445,851

  Automotive / Energy

  $267,031

  Parking / Income-Based Land

  $93,698.20

  Restaurant / Food Service

  $152,794

  Healthcare / Senior Housing

  $309,466

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

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