2102 Bijou StColorado Springs, CO 80909
- Retail properties
- 3,142 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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