115 Las Animas StColorado Springs, CO 80903

Property Details for 115 Las Animas St

Year built

1894

Construction

WOOD FRAME

Lot size

0.09 AC

Property size (Sq ft)

1,005 SF

Zone code

FBZ-T1

Property type

Office properties

Property subtype

Office buildings

APN

6419210006

APU

6419210006

Description

This exceptional 1,005-square-foot office space in downtown El Paso, located at 115 E Las Animas, presents a fantastic opportunity for a single tenant seeking a traditional office environment. The property is a single-tenant building offering convenient on-site parking, supplemented by ample unmetered street parking. Professional monument signage enhances visibility and brand recognition. The space is offered at a modified gross lease rate of $25.00 per square foot. This lease structure ensures transparency and predictability in monthly expenses. Importantly, tenants are responsible for all utilities, janitorial services, and trash removal, providing control over operational costs. The building's location within El Paso County offers easy access to local amenities and transportation networks, making it an ideal location for businesses seeking a central and accessible office space. The traditional office layout provides a classic and functional workspace, perfect for a variety of professional uses. This property is an excellent choice for businesses seeking a well-maintained, conveniently located, and cost-effective office solution in the heart of El Paso. The straightforward lease terms and manageable operational responsibilities make this a highly attractive proposition for discerning tenants. Inquire today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $219,828

  6.5%

  $202,918

  7%

  $188,424

• Comparable approach

  Method

  Valuation

  Relative Method

  $83,033

  Geo Method

  $83,033

• Alternative Use

  Use

  Valuation

  Residential

  $251,618

  Hospitality

  $230,481

  Educational

  $191,758

  Medical

  $198,352

  Retail

  $298,290

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8228

Longitude

-104.823

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].