2712 Boulder StColorado Springs, CO 80909

Property Details for 2712 Boulder St

Year built

1973

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.55 AC

Property size (Sq ft)

665 SF

Zone code

C6

Property type

Banks

APN

6416106022

APU

6416106022

Description

This exceptional 1,015 square foot vacant bank building presents a unique redevelopment opportunity in Colorado Springs, Colorado. Located at 2712 E Boulder St, in El Paso County, zip code 80909, this property boasts a substantial 67,518 square foot lot, offering significant potential for expansion or repurposing. The asking price is $750,000, translating to $738.92 per square foot. The building's former use as a Wells Fargo motor bank provides a solid foundation for various commercial ventures. Its convenient location just off N. Circle Dr. and E. St. Vrain St. ensures high visibility and accessibility. The property is currently vacant, allowing for immediate development and customization to suit your specific business needs. This owner/user investment opportunity is ideal for entrepreneurs seeking a prime location and a substantial lot size to realize their vision. The property's strategic location and ample space make it an attractive proposition for a wide range of commercial uses. This is a rare chance to acquire a well-situated property with significant redevelopment potential in a thriving Colorado Springs market. Don't miss this chance to secure a prime piece of Colorado Springs real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $213,824

  6.5%

  $197,376

  7%

  $183,277

• Comparable approach

  Method

  Valuation

  Relative Method

  $138,455

  Geo Method

  $138,455

• Alternative Use

  Use

  Valuation

  Residential

  $166,494

  Hospitality

  $152,507

  Educational

  $126,884

  Medical

  $131,248

  Retail

  $197,376

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8386

Longitude

-104.777

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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