1976 Murray BlvdColorado Springs, CO 80910

Property Details for 1976 Murray Blvd

Year built

1998

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.08 AC

Property size (Sq ft)

6,656 SF

Zone code

PBC AO

Property type

Strip malls

Property subtype

Neighborhood centers

APN

6426210015

APU

6426210015

Description

Gateway Plaza, located at 1976 S Murray Blvd in Colorado Springs, CO 80910, offers a prime retail opportunity. This Class B, single-story building features a 1,536 square foot end cap space, one of several units within a 6,656 square foot building. The space boasts an open layout, ideal for a variety of retail uses, and benefits from excellent visibility due to its end-cap location. The property is situated in El Paso County and offers ample power. There are no elevators in the building. This is a multi-tenant property, with only one space currently available for lease. The space is perfect for a business seeking high visibility and convenient access in a thriving Colorado Springs location. The property's address is easily accessible and provides excellent exposure to potential customers. This is a unique opportunity to establish a retail presence in a well-located building. The open layout allows for flexible design and customization to suit specific business needs. The ample power supply ensures that operational requirements are easily met.

• CAP approach

  CAP return

  Valuation

  6%

  $1,683,730

  6.5%

  $1,554,210

  7%

  $1,443,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $571,916

  Geo Method

  $571,916

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,050,780

  Mixed-Use / Specialty

  $1,540,620

  Hospitality / Lodging

  $1,119,830

  Office

  $1,523,090

  Institutional / Educational

  $1,598,750

  Residential Income

  $1,870,540

  Multifamily

  $2,288,040

  Automotive / Energy

  $1,370,360

  Parking / Income-Based Land

  $480,844

  Restaurant / Food Service

  $784,117

  Healthcare / Senior Housing

  $1,588,130

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8036

Longitude

-104.757

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].