805 Citadel DrColorado Springs, CO 80909

Property Details for 805 Citadel Dr

Year built

1989

Construction

WOOD FRAME

Lot size

1.21 AC

Property size (Sq ft)

8,393 SF

Zone code

OC AO

Property type

Turn key restaurants

APN

6410401008

APU

6410401008

Description

This exceptional 8,050 square foot freestanding retail building presents a unique investment opportunity in Colorado Springs, Colorado. Situated on a 1.21-acre lot at a signalized intersection on Citadel Drive East, near North Academy Boulevard, this property boasts high visibility and accessibility. The building offers 83 parking spaces, ensuring ample convenience for customers and employees. Its prime location places it adjacent to a Barnes & Noble, and within close proximity to other successful businesses such as Chick-fil-A, Raising Cane's, and Circle K, indicating a strong and thriving commercial area. The property is currently available for sale, lease, ground lease, or build-to-suit options, providing flexibility for potential buyers or tenants. This single-tenant building in El Paso County, with its zip code 80909, presents a compelling opportunity for businesses seeking a prominent location in a high-traffic area with excellent visibility and ample parking. The property's strategic placement and the surrounding successful businesses make it an attractive proposition for a variety of retail uses. Contact us today to explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $2,698,679

  6.5%

  $2,491,088

  7%

  $2,313,154

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,747,443

  Geo Method

  $1,747,443

• Alternative Use

  Use

  Valuation

  Residential

  $2,101,326

  Hospitality

  $1,924,804

  Educational

  $1,601,414

  Medical

  $1,656,489

  Retail

  $2,491,088

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8447

Longitude

-104.758

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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