2960 Academy BlvdColorado Springs, CO 80917
- Office properties
- 7,356 SF
Property Details for 2960 Academy Blvd
- Year built
- 1978
- Construction
- WOOD FRAME
- Lot size
- 0.52 AC
- Property size (Sq ft)
- 7,356 SF
- Zone code
- OC
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 6334401013
- APU
- 6334401013
Description
This exceptional two-story, 7,356 square foot executive office building in Colorado Springs, Colorado, is situated on a 0.52-acre lot at 2960 N Academy Blvd, zip code 80917. Built in 1978, the Class B property boasts prominent frontage and high visibility on the North Academy corridor, south of Austin Bluffs. The building features a recently remodeled first floor and several existing leases, presenting a compelling owner-user opportunity with potential for additional rental income. The property is zoned OC and benefits from the ongoing growth in the Academy corridor. The 2023 property taxes were $18,104.02. This move-in-ready building offers a rare combination of attractive office space and investment potential, making it a highly desirable acquisition in a competitive market. The asking price is $1,300,000, translating to $176.73 per square foot.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,609,009
- 6.5%
- $1,485,239
- 7%
- $1,379,150
-
Comparable approach
- Method
- Valuation
- Relative Method
- $607,753
- Geo Method
- $607,753
-
Alternative Use
- Use
- Valuation
- Residential
- $1,841,696
- Hospitality
- $1,686,984
- Educational
- $1,403,551
- Medical
- $1,451,821
- Retail
- $2,183,301
Location Insight
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Latitude
- 38.8749
- Longitude
- -104.758
- 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
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].