808 Arcturus DrColorado Springs, CO 80905

Property Details for 808 Arcturus Dr

Year built

1966

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.60 AC

Property size (Sq ft)

38,733 SF

Zone code

C5 CU

Property type

Retail properties

Property subtype

Strip malls

APN

7425203006

APU

7425203006

Description

This Colorado Springs retail property, located at 808 Arcturus Drive, offers 39,733 square feet of space in a vibrant strip center. The property sits on 2.6 acres and is zoned C-5, allowing for a wide variety of uses. Three spaces are currently available, ranging from 3,000 to 6,000 contiguous square feet, with a total of 12,937 square feet currently vacant. Suites 1 & 2 are in near-gray shell condition and can be leased separately or combined for a total of 6,000 square feet. Suite 810B offers a unique layout, previously used as a swimming facility (pool filled), now featuring two private bathrooms/locker rooms, a sauna, and a large open area. This flexible space allows for build-outs tailored to specific business needs, and a tenant improvement allowance may be available depending on lease terms. The center is anchored by a thriving dog daycare and other established businesses, situated at the entrance to Skyway, just north of the Broadmoor neighborhood. Utilities (gas, electric, and trash) are tenant-responsible. This presents a compelling opportunity for businesses seeking a prominent location in a growing area of western Colorado Springs. The property is located in El Paso County, Colorado, with a zip code of 80905.

• CAP approach

  CAP return

  Valuation

  6%

  $12,454,181

  6.5%

  $11,496,167

  7%

  $10,675,012

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,064,304

  Geo Method

  $8,064,304

• Alternative Use

  Use

  Valuation

  Residential

  $9,697,447

  Hospitality

  $8,882,809

  Educational

  $7,390,393

  Medical

  $7,644,560

  Retail

  $11,496,167

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8096

Longitude

-104.842

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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