3015 Jet Wing DrColorado Springs, CO 80916

Property Details for 3015 Jet Wing Dr

Year built

1985

Construction

WOOD FRAME

Lot size

2.89 AC

Property size (Sq ft)

29,448 SF

Zone code

PBC AO

Property type

Strip malls

Property subtype

Neighborhood centers

APN

6435313131

APU

6435313131

Description

This exceptional retail property, located at 3015-3049 Jet Wing Drive in Colorado Springs, Colorado, offers 29,448 square feet of prime retail space. Currently, two individual spaces are available, ranging from 816 to 1,127 square feet, perfect for small businesses or startups seeking high-visibility locations. The property is zoned PBC AO and situated in El Paso County, offering convenient access to a thriving market. The center enjoys a strategic location on Jet Wing Drive, directly off the busy intersection of South Academy and the Hancock Expressway, ensuring high traffic volume and excellent exposure. Recent improvements by the owner include property upgrades and landscaping enhancements, further enhancing the property's appeal. These improvements are in anticipation of the upcoming Hancock Expressway expansion, promising even greater visibility and accessibility in the near future. The property's attractive lease rates and flexible landlord provide a compelling opportunity for businesses seeking a cost-effective and supportive environment. This is an ideal location for businesses looking to establish a strong presence in a rapidly growing area. The zip code is 80916. This property presents a rare opportunity to secure retail space in a high-traffic area with a supportive landlord and a bright future.

• CAP approach

  CAP return

  Valuation

  6%

  $9,468,689

  6.5%

  $8,740,328

  7%

  $8,116,018

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,131,144

  Geo Method

  $6,131,144

• Alternative Use

  Use

  Valuation

  Residential

  $7,372,794

  Hospitality

  $6,753,440

  Educational

  $5,618,782

  Medical

  $5,812,021

  Retail

  $8,740,328

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.7882

Longitude

-104.754

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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