2920 Academy BlvdColorado Springs, CO 80917

Property Details for 2920 Academy Blvd

Year built

1978

Construction

WOOD FRAME

Lot size

0.42 AC

Property size (Sq ft)

5,648 SF

Zone code

OC

Property type

Office buildings

APN

6334401017

APU

6334401017

Description

This exceptional executive office suite, located at 2920 N. Academy Boulevard in Colorado Springs, Colorado, offers 1,412 square feet of meticulously renovated space. Suite 200 is immediately available and features a welcoming reception area, three private offices, a sizable conference room (or fourth office), ample storage, and a convenient wet bar. The building boasts a prime location in El Paso County, with easy access to major thoroughfares. The space is ideal for a variety of professional businesses seeking a modern and functional workspace. This is a multi-tenant building, with the ground floor already occupied by established businesses. The suite's interior has been completely updated by the new ownership, providing a fresh and professional environment. Utilities are the responsibility of the tenant, including electricity, gas, and in-suite janitorial services. The property is zoned OC. This is a fantastic opportunity to secure a well-appointed office suite in a thriving Colorado Springs location. The address is 2920 N. Academy Boulevard, Colorado Springs, CO 80917. The property is situated at latitude 38.8743555 and longitude -104.757877.

• CAP approach

  CAP return

  Valuation

  6%

  $1,235,411

  6.5%

  $1,140,379

  7%

  $1,058,924

• Comparable approach

  Method

  Valuation

  Relative Method

  $466,638

  Geo Method

  $466,638

• Alternative Use

  Use

  Valuation

  Residential

  $1,414,070

  Hospitality

  $1,295,281

  Educational

  $1,077,658

  Medical

  $1,114,721

  Retail

  $1,676,357

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8743

Longitude

-104.758

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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