127 Colorado AveColorado Springs, CO 80903

Property Details for 127 Colorado Ave

Year built

1952

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.55 AC

Property size (Sq ft)

8,419 SF

Zone code

FBZ-CEN

Property type

Warehouses

Property subtype

Self storage facilities

APN

6418222008

APU

6418222008

Description

This exceptional 2.3-acre commercial land parcel presents a unique development opportunity in the vibrant city of Colorado Springs, Colorado. Located at 127 West Colorado Avenue, and encompassing additional addresses at 120 Sahwatch Street, and 120 & 128 West Cucharras Street, this expansive site offers significant potential for a variety of commercial ventures. The property is zoned Form-Based Zoning – Central Sector (FBZCEN), allowing for substantial flexibility in development plans, with no height restrictions. Utilities are readily available through Colorado Springs Utilities, providing water and wastewater services. The lot's size, combined with its strategic location in El Paso County, zip code 80903, makes it an attractive investment. The mill levy is 64.752. This prime location offers excellent visibility and accessibility, making it an ideal site for businesses seeking a prominent presence in a thriving Colorado Springs market. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property's coordinates are 38.8322358 latitude and -104.8286022 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $4,180,420

  6.5%

  $3,858,850

  7%

  $3,583,220

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,112,920

  Geo Method

  $1,112,920

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,965,880

  Mixed-Use / Specialty

  $1,948,690

  Hospitality / Lodging

  $1,416,440

  Office

  $1,926,520

  Institutional / Educational

  $2,022,220

  Residential Income

  $2,366,000

  Multifamily

  $2,894,080

  Automotive / Energy

  $1,733,330

  Parking / Income-Based Land

  $608,207

  Restaurant / Food Service

  $991,809

  Healthcare / Senior Housing

  $2,008,790

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8322

Longitude

-104.829

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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