712 Fillmore StColorado Springs, CO 80907

Property Details for 712 Fillmore St

Year built

1958

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.69 AC

Property size (Sq ft)

1,595 SF

Zone code

C5/CR

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

6332326007

APU

6332326007

Description

This exceptional retail property, located at 712 E. Fillmore Street in Colorado Springs, Colorado, presents a unique investment opportunity. The single-story, 1,595 square foot building sits on a substantial 30,273 square foot lot, offering ample space for expansion or outdoor amenities. Currently entirely vacant, this property is ideal for a variety of retail uses, particularly given its C5/CR zoning. Built in 1958, the structure is classified as Class C and offers significant potential for renovation and modernization to enhance its appeal and functionality. The property's previous use was a combination convenience store and gas station, suggesting a strong history of retail success in this location. The multiple tenancy designation indicates flexibility in lease arrangements, allowing for diverse business models. Situated in El Paso County, with easy access to major thoroughfares (specific details not provided), this location benefits from high visibility and convenient access for customers. The entire 1,595 square feet is available, providing a blank canvas for a new business venture or expansion of an existing one. This property represents a compelling opportunity to acquire a well-positioned retail space in a growing Colorado Springs market. The large lot size provides considerable room for future development or expansion. The property's address is 712 E Fillmore St, Colorado Springs, CO 80907.

• CAP approach

  CAP return

  Valuation

  6%

  $512,855

  6.5%

  $473,405

  7%

  $439,590

• Comparable approach

  Method

  Valuation

  Relative Method

  $332,083

  Geo Method

  $332,083

• Alternative Use

  Use

  Valuation

  Residential

  $399,335

  Hospitality

  $365,788

  Educational

  $304,332

  Medical

  $314,798

  Retail

  $473,405

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8744

Longitude

-104.812

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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