2812 Colorado AveColorado Springs, CO 80904

Property Details for 2812 Colorado Ave

Year built

1985

Construction

WOOD FRAME

Lot size

0.32 AC

Property size (Sq ft)

8,088 SF

Zone code

C5

Property type

Office buildings

APN

7411228019

APU

7411228019

Description

This charming Old Colorado City retail property at 2812 West Colorado Avenue offers two available spaces, totaling 975 and 1,012 square feet respectively. Ideal for small businesses needing 2-3 offices, these updated, first-floor spaces provide an affordable and attractive option. The building boasts significant character and benefits from a prime location in the heart of Old Colorado City, within walking distance of local shops, restaurants, and other businesses. Enjoy easy access to numerous hiking, running, and mountain biking trails, with proximity to Red Rock open space (less than a mile) and Garden of the Gods (a few miles). The property is zoned C5. A special incentive is available for leases signed by August 15, 2024: free rent in August and 50% off rent for the remainder of 2024, representing a $5,625 landlord contribution. This represents a significant savings opportunity for qualified tenants. The property is suitable for retail or office use and is perfect for a small business seeking a vibrant and convenient location. Multiple tenancy is allowed. The property is located in El Paso County.

• CAP approach

  CAP return

  Valuation

  6%

  $1,769,122

  6.5%

  $1,633,036

  7%

  $1,516,390

• Comparable approach

  Method

  Valuation

  Relative Method

  $668,231

  Geo Method

  $668,231

• Alternative Use

  Use

  Valuation

  Residential

  $2,024,964

  Hospitality

  $1,854,857

  Educational

  $1,543,219

  Medical

  $1,596,293

  Retail

  $2,400,563

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8505

Longitude

-104.867

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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