155 Mount View LnColorado Springs, CO 80907

Property Details for 155 Mount View Ln

Year built

1985

Construction

STEEL FRAME

Lot size

0.87 AC

Property size (Sq ft)

12,400 SF

Zone code

M1 NNA

Property type

Distribution centers

APN

6330408023

APU

6330408023

Description

This exceptional value-add industrial property, located at 155 Mount View Lane in Colorado Springs, Colorado, presents a compelling investment opportunity. The 12,545-square-foot building, constructed in 1985, sits on a 37,864-square-foot lot zoned M1 Industrial Light, offering significant potential. Currently housing three tenants, the property boasts a strong net operating income (NOI) of $134,680, with an asking price of $2,050,000 ($163 per square foot). The building features one structure with four units, including two loading docks and three dock-high doors (8'x10'), plus three drive-in doors (10'x10'). Ceiling height is 16 feet. The property benefits from a fully fenced site and ample parking. Two units are currently available for lease: a 3,429-square-foot unit and a 2,842-square-foot unit priced below market rate. Its central Colorado Springs location provides immediate access to North Nevada Avenue and I-25, making it highly desirable. The property also allows for permissible outdoor storage, catering to a wide range of industrial uses. The high demand for smaller bays (ranging from approximately 2,831 to 3,443 square feet) further enhances its investment appeal. The occupancy date is May 22, 2024.

• Alternative Use

  Use

  Valuation

  Residential

  $3,104,545

  Hospitality

  $2,843,746

  Educational

  $2,365,964

  Medical

  $2,447,333

  Retail

  $3,680,388

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8893

Longitude

-104.821

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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