1120 Circle DrColorado Springs, CO 80909

Property Details for 1120 Circle Dr

Year built

1967

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.02 AC

Property size (Sq ft)

20,608 SF

Zone code

C5

Property type

Strip malls

Property subtype

Neighborhood centers

APN

6409123029

APU

6409123029

Description

This exceptional commercial property, located at 1120 N Circle Dr in Colorado Springs, Colorado, offers a 1,190 square foot medical office suite currently available for lease. The building is a multi-tenant property totaling 45,560 square feet situated on a 45,560 square foot lot in El Paso County, zip code 80909. The available space, Suite 110, includes a small kitchenette, bathroom, reception area, sizable conference room, and an additional office. This versatile space is ideal for a variety of medical practices seeking a collaborative workspace or a client-friendly environment. The property is strategically located in Colorado Springs, providing excellent access to major transportation routes and a thriving business community. The building is anchored by a Pizza Hut, ensuring high visibility and foot traffic. A total of 1,650 square feet within the larger building is currently vacant. This presents a unique opportunity for businesses to establish a presence in a dynamic and well-established commercial center. The property is classified as Retail and Office, with a subtype of Medical Office, Storefront, and Strip Center. Contact us to schedule a viewing and explore the potential of this exceptional space.

• CAP approach

  CAP return

  Valuation

  6%

  $6,626,282

  6.5%

  $6,116,568

  7%

  $5,679,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,290,635

  Geo Method

  $4,290,635

• Alternative Use

  Use

  Valuation

  Residential

  $5,159,554

  Hospitality

  $4,726,123

  Educational

  $3,932,079

  Medical

  $4,067,309

  Retail

  $6,116,568

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8479

Longitude

-104.776

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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