570 Murray BlvdColorado Springs, CO 80909

Property Details for 570 Murray Blvd

Year built

1999

Construction

WOOD FRAME

Lot size

0.57 AC

Property size (Sq ft)

5,456 SF

Zone code

PBC AO

Property type

Retail space

APN

6411307066

APU

6411307066

Description

This exceptional 5,456-square-foot freestanding retail building presents a remarkable leasing opportunity in Colorado Springs' thriving Colorado Springs Central submarket. Situated on a 0.57-acre lot (24,816 square feet) at the highly visible intersection of N Murray Blvd and E Platte Ave, this property boasts unparalleled exposure to over 80,000 vehicles per day. Built in 1999, the single-story structure offers a flexible floor plan suitable for a diverse range of uses, including medical, dental, financial, automotive, quick-service restaurants (QSR), and other retail businesses. The MX-M AO zoning provides versatility for potential tenants. The property features ample parking and convenient access, a rare combination in this competitive market. This is a single-tenant building with the entire 5,456 square feet currently vacant. Located in El Paso County, Colorado, with a zip code of 80909, this property offers an ideal location for businesses seeking high visibility and convenient access for customers. The address is 570 N Murray Blvd, Colorado Springs, CO.

• CAP approach

  CAP return

  Valuation

  6%

  $1,754,318

  6.5%

  $1,619,371

  7%

  $1,503,701

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,135,952

  Geo Method

  $1,135,952

• Alternative Use

  Use

  Valuation

  Residential

  $1,366,000

  Hospitality

  $1,251,248

  Educational

  $1,041,024

  Medical

  $1,076,826

  Retail

  $1,619,371

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8411

Longitude

-104.748

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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