3134 Colorado AveColorado Springs, CO 80904

Property Details for 3134 Colorado Ave

Year built

1995

Construction

WOOD FRAME

Lot size

0.29 AC

Property size (Sq ft)

1,320 SF

Zone code

C5

Property type

Office buildings

APN

7403420012

APU

7403420012

Description

This exceptional executive office space, located at 3134 W Colorado Ave in Colorado Springs, CO 80904, presents a unique leasing opportunity. The single-story, 2,640 square foot building, constructed in 1995, is classified as Class B and sits on a 0.29-acre lot. The entire space is currently vacant and available for lease, offering flexibility for businesses seeking 1,320 to 2,640 contiguous square feet. The property is zoned MX-M, reflecting its suitability for a variety of professional uses. The building features a single suite, making it ideal for a company seeking a self-contained office environment. Its location in the CO - Colorado Springs West submarket provides convenient access to key transportation routes and amenities. The property's single-story design offers ease of access and functionality. This is an excellent opportunity to secure a well-maintained, readily available office space in a desirable Colorado Springs location. The property's size and layout are perfect for a variety of businesses, from small startups to established firms. Interested parties are encouraged to inquire about lease terms and conditions. The property offers a rare chance to establish a presence in a thriving business community.

• CAP approach

  CAP return

  Valuation

  6%

  $288,729

  6.5%

  $266,519

  7%

  $247,482

• Comparable approach

  Method

  Valuation

  Relative Method

  $109,058

  Geo Method

  $109,058

• Alternative Use

  Use

  Valuation

  Residential

  $330,484

  Hospitality

  $302,721

  Educational

  $251,861

  Medical

  $260,523

  Retail

  $391,783

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8543

Longitude

-104.873

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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