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

Retail properties

Property subtype

Strip malls

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%

  $2,140,166

  6.5%

  $1,975,537

  7%

  $1,834,428

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,385,795

  Geo Method

  $1,385,795

• Alternative Use

  Use

  Valuation

  Residential

  $1,666,440

  Hospitality

  $1,526,450

  Educational

  $1,269,988

  Medical

  $1,313,665

  Retail

  $1,975,537

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

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