2102 Bijou StColorado Springs, CO 80909

  • Retail properties
  • 3,142 SF
For Sale
$699,900 View listing

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
Retail properties
Property subtype
Bars
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
2102 Bijou St, Colorado Springs, Colorado

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,876
$26,590
$34,270
$60,860
-
$95,301
$122,832
$218,133

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