345 Academy BlvdColorado Springs, CO 80909

Property Details for 345 Academy Blvd

Year built

1995

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.82 AC

Property size (Sq ft)

42,684 SF

Zone code

C5 AO

Property type

Outlet malls

APN

6414204036

APU

6414204036

Description

This exceptional retail property, located at 345 N Academy Blvd in Colorado Springs, Colorado, presents a significant opportunity for a single-tenant user. The building boasts a substantial 42,895 square feet of vacant space, all available for lease. Situated on a generous 3.82-acre lot, this property offers ample room for expansion, parking, and outdoor amenities. The zoning designation is MX-M, allowing for a variety of commercial uses. The property's prime location on Academy Boulevard ensures high visibility and accessibility, making it an ideal location for businesses seeking significant exposure to a large customer base. The address is easily accessible from major roadways, providing convenient access for both employees and customers. This single-tenant building offers the unique advantage of complete control over the space, allowing for customization to meet specific business needs. The property is located in El Paso County, Colorado, with a zip code of 80909. This is a rare opportunity to secure a large, high-visibility retail space in a thriving Colorado Springs market. The property is ready for immediate occupancy, presenting a turnkey solution for businesses seeking a prominent location to establish or expand their operations. Interested parties should inquire promptly to secure this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $10,797,500

  6.5%

  $9,966,940

  7%

  $9,255,020

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,667,610

  Geo Method

  $3,667,610

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $19,564,200

  Mixed-Use / Specialty

  $9,879,810

  Hospitality / Lodging

  $7,181,310

  Office

  $9,767,360

  Institutional / Educational

  $10,252,600

  Residential Income

  $11,995,500

  Multifamily

  $14,672,900

  Automotive / Energy

  $8,787,920

  Parking / Income-Based Land

  $3,083,590

  Restaurant / Food Service

  $5,028,430

  Healthcare / Senior Housing

  $10,184,500

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.839

Longitude

-104.755

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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