601 Las Vegas StColorado Springs, CO 80903

Property Details for 601 Las Vegas St

Year built

1956

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.29 AC

Property size (Sq ft)

6,349 SF

Zone code

M2 CU

Property type

Warehouses

Property subtype

Self storage facilities

APN

6419401002

APU

6419401002

Description

This exceptional 6,349-square-foot retail space is ideally situated at 601 E Las Vegas St in Colorado Springs, Colorado, zip code 80903. Located in El Paso County, this single-tenant property sits on a generous 12,500-square-foot lot and is zoned M2 CU. The building boasts a functional layout, including a reception area and ample open warehouse space. Its excellent condition ensures a move-in ready experience for the new tenant. The property features substantial electrical capacity throughout. Its strategic location offers easy access to downtown Colorado Springs and is conveniently situated near Interstate 25, providing convenient north-south travel along the Front Range. This presents a unique opportunity for businesses seeking a well-maintained, readily available retail space in a high-traffic area. The property's size and features make it suitable for a variety of retail uses. Serious inquiries are encouraged to explore this prime retail opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $3,152,570

  6.5%

  $2,910,060

  7%

  $2,702,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $839,287

  Geo Method

  $839,287

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,482,530

  Mixed-Use / Specialty

  $1,469,560

  Hospitality / Lodging

  $1,068,180

  Office

  $1,452,840

  Institutional / Educational

  $1,525,010

  Residential Income

  $1,784,260

  Multifamily

  $2,182,500

  Automotive / Energy

  $1,307,150

  Parking / Income-Based Land

  $458,666

  Restaurant / Food Service

  $747,950

  Healthcare / Senior Housing

  $1,514,880

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.817

Longitude

-104.815

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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