948 Nevada AveColorado Springs, CO 80903

Property Details for 948 Nevada Ave

Year built

1958

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.68 AC

Property size (Sq ft)

2,407 SF

Zone code

FBZ-T1

Property type

Auto shops

APN

6419211026

APU

6419211026

Description

This exceptional 2,126 square foot flex space, located at 948 S Nevada Ave in Colorado Springs, Colorado, presents a fantastic opportunity. Situated on a 0.68-acre lot (26,621 square feet), this single-tenant property boasts a desirable C6 zoning classification. The building, constructed in 1958, features durable masonry construction and a generous 12-foot clear height, providing ample space for various uses. The property includes convenient drive-in access with five loading docks—four measuring 10' x 10' and one 12' wide—catering to efficient loading and unloading operations. Parking is readily available, with a ratio of 7.06 spaces per 1,000 square feet. The property's electrical power details are to be determined (TBD). This well-located Colorado Springs industrial property is ideal for businesses seeking a functional and accessible space in El Paso County, zip code 80903. The property's size and features make it suitable for a range of industrial and flex-use businesses. Inquire today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $773,945

  6.5%

  $714,411

  7%

  $663,381

• Comparable approach

  Method

  Valuation

  Relative Method

  $501,143

  Geo Method

  $501,143

• Alternative Use

  Use

  Valuation

  Residential

  $602,632

  Hospitality

  $552,008

  Educational

  $459,264

  Medical

  $475,059

  Retail

  $714,411

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8202

Longitude

-104.823

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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