2411 Colorado AveColorado Springs, CO 80904

Property Details for 2411 Colorado Ave

Year built

1906

Property size (Sq ft)

1,341 SF

Zone code

C6 CU

Property type

Retail properties

Property subtype

Retail space

APN

7411233024

APU

7411233024

Description

This exceptional 3,299 square foot retail condo is situated in the vibrant heart of Old Colorado City, Colorado Springs. Located at 2411 W Colorado Ave, this owner-user opportunity boasts a street-level storefront with excellent visibility and direct access to Colorado Avenue. Built in 1906 and extensively renovated in 2022, the property features two units on a single story within a single building. The space is beautifully finished and benefits from high daytime foot traffic. Parking is available on the street. The property is zoned C6 CU and has APN numbers 7411233025 & 7411233024. Condo association fees are $835 per month, encompassing utilities, building insurance, roof reserve, and other shared expenses. Individual condo owners are responsible for their own HVAC systems. This is a rare chance to own a piece of Old Colorado City's rich history and thriving retail scene. The asking price is $1,056,000.

• CAP approach

  CAP return

  Valuation

  6%

  $431,184

  6.5%

  $398,016

  7%

  $369,586

• Comparable approach

  Method

  Valuation

  Relative Method

  $279,199

  Geo Method

  $279,199

• Alternative Use

  Use

  Valuation

  Residential

  $335,742

  Hospitality

  $307,537

  Educational

  $255,868

  Medical

  $264,667

  Retail

  $398,016

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8464

Longitude

-104.862

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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