2102 Bijou StColorado Springs, CO 80909

Property Details for 2102 Bijou St

Year built

1963

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.38 AC

Property size (Sq ft)

3,142 SF

Zone code

C6

Property type

Bars

Property subtype

Pubs

APN

6416211037

APU

6416211037

Description

This exceptional investment opportunity presents a thriving bar and restaurant located at 2102 E Bijou St, Colorado Springs, CO 80909. Priced at $699,900, this single-tenant, 3,142 square foot establishment offers a compelling return on investment at $222.76 per square foot. Built in 1963, the property sits on a 0.38-acre lot and is classified as a Class C building with C6 zoning, ensuring flexibility for various uses. The building's single-story design optimizes space and functionality. Its prime location within a vibrant retail corridor in Colorado Springs provides excellent visibility and accessibility, surrounded by complementary businesses. This owner/user opportunity is ideal for an experienced restaurateur seeking an established operation or an investor looking for a strong cash-flow generating asset. The property's established clientele and proven track record make it a particularly attractive proposition. The building's single-story design and ample square footage offer significant operational advantages. This is a rare chance to acquire a well-positioned, profitable business in a thriving Colorado Springs market. The property's C6 zoning provides flexibility for future expansion or adaptation to changing market demands. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,010,276

  6.5%

  $932,563

  7%

  $865,951

• Comparable approach

  Method

  Valuation

  Relative Method

  $654,172

  Geo Method

  $654,172

• Alternative Use

  Use

  Valuation

  Residential

  $786,652

  Hospitality

  $720,569

  Educational

  $599,505

  Medical

  $620,123

  Retail

  $932,563

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8359

Longitude

-104.79

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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