1106 Circle DrColorado Springs, CO 80909

Property Details for 1106 Circle Dr

Year built

1965

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.21 AC

Property size (Sq ft)

1,761 SF

Zone code

C5

Property type

Retail properties

Property subtype

Bars

APN

6409123012

APU

6409123012

Description

This exceptional 1,761 square foot retail space, ideally suited for a bar or restaurant, is available for lease in Colorado Springs, Colorado. Located at 1106 N Circle Dr, this single-tenant property sits on a 0.21-acre lot and boasts ample parking with 37 spaces. Built in 1965, the building is zoned C5 (Intermediate Business), offering a wide range of permitted uses within El Paso County. The entire 1,761 square feet is currently vacant, presenting a blank canvas for a new business venture. The property's convenient location and generous parking make it an attractive option for a variety of food and beverage establishments. This is a rare opportunity to secure a well-positioned commercial space in a thriving Colorado Springs neighborhood. The property's zoning allows for flexibility in business operations, and the ample parking ensures convenient access for customers and staff. The substantial square footage provides ample room for a full-service establishment, while the existing infrastructure offers a solid foundation for immediate occupancy. Interested parties are encouraged to explore the potential of this prime location. The property is ready for immediate lease and offers a unique chance to establish a successful business in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $566,231

  6.5%

  $522,674

  7%

  $485,341

• Comparable approach

  Method

  Valuation

  Relative Method

  $366,644

  Geo Method

  $366,644

• Alternative Use

  Use

  Valuation

  Residential

  $440,895

  Hospitality

  $403,858

  Educational

  $336,005

  Medical

  $347,561

  Retail

  $522,674

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8476

Longitude

-104.776

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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