2702 Nevada AveColorado Springs, CO 80907

Property Details for 2702 Nevada Ave

Year built

1965

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.39 AC

Property size (Sq ft)

1,932 SF

Zone code

C5 NNA

Property type

Auto shops

APN

6331412017

APU

6331412017

Description

This exceptional 1,932 square foot warehouse, located at 2702 North Nevada Avenue in Colorado Springs, Colorado, presents a compelling owner-user opportunity. Priced at $675,000 ($349.38/sq ft), this single-story building sits on a substantial 17,135 square foot lot zoned C-5, offering significant flexibility for various industrial uses. The property features three drive-in doors, a fenced yard, and a prominent monument sign, enhancing visibility and accessibility. Its strategic location provides convenient access to I-25 and is centrally situated within Colorado Springs, offering excellent connectivity. The mostly warehouse space is currently vacant, allowing for immediate occupancy and customization to suit specific business needs. Adding to its appeal is the proximity to a bike path, enhancing the surrounding environment. This standalone building represents a rare opportunity to acquire a well-located, versatile industrial property in a thriving Colorado Springs market. The property's size, zoning, and features make it ideal for a variety of businesses seeking a functional and strategically positioned space.

• CAP approach

  CAP return

  Valuation

  6%

  $621,214

  6.5%

  $573,428

  7%

  $532,469

• Comparable approach

  Method

  Valuation

  Relative Method

  $402,247

  Geo Method

  $402,247

• Alternative Use

  Use

  Valuation

  Residential

  $483,708

  Hospitality

  $443,074

  Educational

  $368,632

  Medical

  $381,310

  Retail

  $573,428

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8709

Longitude

-104.82

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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