1710 Briargate BlvdColorado Springs, CO 80920

Property Details for 1710 Briargate Blvd

Year built

1983

Construction

STEEL FRAME

Lot size

27.94 AC

Property size (Sq ft)

352,049 SF

Zone code

PBC

Property type

Retail properties

Property subtype

Super regional malls

APN

6305401039

APU

6305401039

Description

Chapel Hills Mall presents a unique investment opportunity in El Paso County, Colorado. This established shopping center boasts a total of 562,733 square feet, offering a diverse range of spaces to suit various retail needs. Currently, there are 32 available spaces ranging from a minimum of 150 square feet to a maximum contiguous space of 82,449 square feet, with a total of 207,979 square feet currently vacant. The mall enjoys a highly desirable location along a dominant retail corridor, strategically situated at the intersection of I-25, Academy Boulevard, and Briargate Boulevard in Colorado Springs. This prime location benefits from exceptional visibility and high traffic counts, with 120,000 vehicles per day passing the Academy Boulevard intersection and 65,000 vehicles per day on Briargate Boulevard. The mall is anchored by prominent national retailers including AMC Theatres, Dick's Sporting Goods, Dillard's, Macy's, and H&M, ensuring a strong draw for customers. Colorado Springs' thriving economy, further enhanced by the presence of the US Olympic Training Center, contributes to a robust and stable market for retail businesses. This opportunity allows for significant expansion or the establishment of new retail ventures within a well-established and successful shopping center. The available space offers flexibility for businesses of various sizes, making it an attractive option for both established brands and emerging retailers.

• CAP approach

  CAP return

  Valuation

  6%

  $113,197,576

  6.5%

  $104,490,072

  7%

  $97,026,496

• Comparable approach

  Method

  Valuation

  Relative Method

  $73,297,448

  Geo Method

  $73,297,448

• Alternative Use

  Use

  Valuation

  Residential

  $88,141,288

  Hospitality

  $80,736,944

  Educational

  $67,172,192

  Medical

  $69,482,344

  Retail

  $104,490,072

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.9473

Longitude

-104.795

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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