1359 Interquest PkwyColorado Springs, CO 80921

Property Details for 1359 Interquest Pkwy

Year built

2020

Construction

WOOD FRAME

Lot size

1.52 AC

Property size (Sq ft)

7,867 SF

Zone code

PBC/CR

Property type

Retail space

APN

6220002013

APU

6220002013

Description

This exceptional 1-story, 7,851 square foot retail building, constructed in 2020, is situated on a spacious 1.52-acre lot (66,295 total land acres) in the vibrant Interquest Commons. Located at 1359 Interquest Pkwy, Colorado Springs, CO 80921, this property boasts a prime location within the CO - Colorado Springs North submarket. Currently, there is one available suite totaling 1,601 square feet, perfect for a variety of retail businesses. The building features a total of 78 parking spaces, providing ample convenience for customers and employees (approximately 1 space per 1,000 square feet). The property is zoned MX-M (Mixed-Use Medium Scale) and PBC (Planned Business Center), offering flexibility for various commercial uses. This single-tenant building presents a unique opportunity to establish a presence in a thriving area of El Paso County. The property's size and location make it an ideal investment for businesses seeking high visibility and accessibility. The expansive lot offers significant potential for future development or expansion. This is a rare opportunity to secure a well-located, modern retail space in a rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,529,550

  6.5%

  $2,334,969

  7%

  $2,168,185

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,637,928

  Geo Method

  $1,637,928

• Alternative Use

  Use

  Valuation

  Residential

  $1,969,634

  Hospitality

  $1,804,174

  Educational

  $1,501,051

  Medical

  $1,552,675

  Retail

  $2,334,969

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.9901

Longitude

-104.8

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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