3820 Hancock ExpyColorado Springs, CO 80911

Property Details for 3820 Hancock Expy

Year built

1974

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

13.31 AC

Property size (Sq ft)

40,688 SF

Zone code

I-3 CAD-O

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

6502000136

APU

6502000136

Description

This vacant, 49,800-square-foot industrial building in Colorado Springs, Colorado presents a compelling value-add investment opportunity. Located at 3820 Hancock Expressway, this Class B property sits on a spacious 13.31-acre lot zoned GI in El Paso County (zip code 80911). Built in 1974, the structure features a combination of warehouse (70%) and office (30%) space, boasting 14-foot clear heights. The building includes two loading docks and two dock-high doors, along with a fully sprinklered system. Its strategic location offers convenient access to major thoroughfares like Powers Boulevard and Milton Proby Parkway, providing easy access to the Colorado Springs Airport. The expansive lot size and flexible zoning (GI) make this property ideal for various industrial uses, including potential expansion or redevelopment for industrial outdoor storage or further industrial development. The asking price is $8,600,000, translating to $172.69 per square foot. This property is currently vacant, offering immediate potential for lease or redevelopment.

• Alternative Use

  Use

  Valuation

  Residential

  $10,186,913

  Hospitality

  $9,331,158

  Educational

  $7,763,414

  Medical

  $8,030,410

  Retail

  $12,076,422

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.776

Longitude

-104.741

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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