102 Cascade AveColorado Springs, CO 80903

Property Details for 102 Cascade Ave

Year built

1971

Construction

STEEL FRAME

Property size (Sq ft)

67,507 SF

Zone code

C6,HR

Property type

Office buildings

APN

6418211012

APU

6418211012

Description

This exceptional Class A office building, constructed in 1971, offers 69,583 square feet of premium workspace in the heart of downtown Colorado Springs, Colorado. The building features six stories and one elevator, providing convenient access to multiple executive office suites. Units range from a minimum of 967 square feet to a maximum contiguous space of 1,285 square feet, with a total of six spaces currently available, offering flexibility for various business needs. The property is zoned FBZ-COR CU and its APN is 6418211012. Located at 102 N Cascade Ave, Colorado Springs, CO 80903, this property enjoys excellent visibility and accessibility, with convenient access to I-25. The building's prime location places it within walking distance of numerous restaurants, coffee shops, hotels, and fitness centers, enhancing the convenience and appeal for tenants and employees. On-site parking is available, accessible from westbound Bijou and eastbound Kiowa Street. The building benefits from on-site management, ensuring efficient maintenance and building operations. This is a truly remarkable opportunity to establish your business in a vibrant and thriving downtown environment.

• CAP approach

  CAP return

  Valuation

  6%

  $14,766,090

  6.5%

  $13,630,237

  7%

  $12,656,648

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,577,428

  Geo Method

  $5,577,428

• Alternative Use

  Use

  Valuation

  Residential

  $16,901,494

  Hospitality

  $15,481,677

  Educational

  $12,880,574

  Medical

  $13,323,556

  Retail

  $20,036,448

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8362

Longitude

-104.826

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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