1120 Circle DrColorado Springs, CO 80909

  • Retail properties
  • 20,608 SF
For Sale
$2,565,000 View listing

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
Retail properties
Property subtype
Strip malls
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
1120 Circle Dr, Colorado Springs, Colorado

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$23,477
$83,050
$347,490
$430,540
-
$297,688
$1,245,485
$1,543,173

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].