332 Bijou StColorado Springs, CO 80905

Property Details for 332 Bijou St

Year built

1977

Construction

WOOD FRAME

Lot size

0.23 AC

Property size (Sq ft)

9,746 SF

Zone code

C5

Property type

Office buildings

APN

7413111012

APU

7413111012

Description

The Raintree Business Center, located at 332 W Bijou St, Colorado Springs, CO 80905, offers exceptional executive office space in a prime downtown location. This two-story building, constructed in 1977, totals 9,656 square feet and is zoned C-5. Currently, there are three available office suites ranging from a minimum of 660 square feet to a maximum contiguous space of 2,012 square feet, with a total of 3,845 square feet currently vacant. The building offers multiple tenancy options, providing flexibility for businesses of various sizes. Enjoy convenient access to Interstate 25 and Bijou Street, ensuring easy commutes and excellent visibility. The Raintree Business Center also features an attractive outdoor patio area, perfect for employee breaks or informal meetings. This affordable downtown office space presents a compelling opportunity for businesses seeking a well-located and functional workspace in the heart of Colorado Springs. The property's central location provides easy access to downtown amenities and services.

• CAP approach

  CAP return

  Valuation

  6%

  $2,131,784

  6.5%

  $1,967,800

  7%

  $1,827,243

• Comparable approach

  Method

  Valuation

  Relative Method

  $805,214

  Geo Method

  $805,214

• Alternative Use

  Use

  Valuation

  Residential

  $2,440,072

  Hospitality

  $2,235,093

  Educational

  $1,859,571

  Medical

  $1,923,525

  Retail

  $2,892,666

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8374

Longitude

-104.832

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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