2322 Academy BlvdColorado Springs, CO 80916

Property Details for 2322 Academy Blvd

Year built

1984

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

6.80 AC

Property size (Sq ft)

35,790 SF

Zone code

C6 P SS AO

Property type

Retail properties

Property subtype

Outlet malls

APN

6427419004

APU

6427419004

Description

Gateway Village Shopping Center, located at 2322 S Academy Blvd in Colorado Springs, CO 80916, presents a prime retail investment opportunity. This established center boasts a total of 91,753 square feet situated on a 6.8-acre lot. The property is zoned C6 P AO SS and offers multiple tenancy options, with three spaces currently available. Individual spaces range from a minimum of 2,068 square feet to a maximum contiguous space of 4,000 square feet, with a total of 6,068 square feet currently vacant. This allows for flexibility to accommodate a variety of business needs, from smaller boutiques to larger retail operations. The property's strategic location in El Paso County ensures high visibility and accessibility for customers. Lease rates are competitive, ranging from $8 to $12 per square foot, triple net (NNN). A one-month security deposit is required. All leases are subject to landlord approval. This is an exceptional chance to secure a well-positioned retail space in a thriving Colorado Springs community. The property's existing infrastructure and ample parking provide a convenient and attractive shopping experience for customers. The diverse zoning allows for a range of commercial uses, making it an ideal location for businesses seeking high foot traffic and strong community engagement. Don't miss this opportunity to establish your business in this vibrant commercial center.

• CAP approach

  CAP return

  Valuation

  6%

  $11,507,891

  6.5%

  $10,622,668

  7%

  $9,863,906

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,451,564

  Geo Method

  $7,451,564

• Alternative Use

  Use

  Valuation

  Residential

  $8,960,618

  Hospitality

  $8,207,878

  Educational

  $6,828,858

  Medical

  $7,063,713

  Retail

  $10,622,668

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.7974

Longitude

-104.759

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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