1614 Academy BlvdColorado Springs, CO 80916

Property Details for 1614 Academy Blvd

Year built

2015

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.32 AC

Property size (Sq ft)

9,600 SF

Zone code

PBC AO

Property type

Retail properties

Property subtype

Strip malls

APN

6427111073

APU

6427111073

Description

This exceptional Class A retail space, totaling 9,600 square feet, is situated on a 1.32-acre lot in El Paso County. The property, featuring five individual suites, underwent a complete renovation in 2019. Currently, one suite remains available, offering 1,200 square feet of versatile space ideal for a variety of retail businesses. The minimum divisible space is also 1,200 square feet, making it perfect for a single tenant. The property boasts a highly desirable location, adjacent to a Walmart Neighborhood Grocery, ensuring high visibility and foot traffic. Convenient access to Academy Boulevard provides excellent accessibility for customers and employees. This is the last remaining space in this exceptional development, presenting a unique opportunity for a discerning business to establish a presence in a thriving retail environment. The property's APN is 6427111067 and is conveniently located near the intersection of Pace Street. The single building is comprised of five suites, offering a strong sense of community within a well-maintained complex. Don't miss this chance to secure a prime retail location in a high-traffic area. This is a truly exceptional opportunity for a business seeking a well-located, modern, and attractive retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $3,086,777

  6.5%

  $2,849,333

  7%

  $2,645,809

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,998,743

  Geo Method

  $1,998,743

• Alternative Use

  Use

  Valuation

  Residential

  $2,403,519

  Hospitality

  $2,201,610

  Educational

  $1,831,714

  Medical

  $1,894,709

  Retail

  $2,849,333

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8089

Longitude

-104.759

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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