1800 Nevada AveColorado Springs, CO 80905

Property Details for 1800 Nevada Ave

Year built

1963

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.67 AC

Property size (Sq ft)

6,761 SF

Zone code

C5

Property type

Banks

APN

6430213027

APU

6430213027

Description

This exceptional 1800 S Nevada Ave property in Colorado Springs, Colorado, presents a unique opportunity for commercial development. Located in El Paso County, zip code 80905, this land parcel offers significant potential for a variety of commercial uses. The property is being offered for sale via a Request for Proposals (RFP) process on behalf of Wells Fargo Bank. The RFP will require detailed proposals outlining a development timeline, showcasing relevant developer experience in comparable projects, and demonstrating a plan to minimize disruption to the existing Wells Fargo branch during construction. Wells Fargo Bank intends to remain a part of the new development, occupying a modern banking facility designed to better serve the Colorado Springs community. The property's precise size is not specified in the provided information, but its location at 1800 S Nevada Ave offers excellent visibility and accessibility. Interested parties should prepare comprehensive proposals addressing the specific requirements outlined in the RFP to be considered. The geographic coordinates are 38.8080951 latitude and -104.8227077 longitude. This is a prime opportunity to develop a significant commercial project in a thriving Colorado Springs location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,710,290

  6.5%

  $1,578,730

  7%

  $1,465,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $580,938

  Geo Method

  $580,938

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,098,900

  Mixed-Use / Specialty

  $1,564,930

  Hospitality / Lodging

  $1,137,500

  Office

  $1,547,120

  Institutional / Educational

  $1,623,970

  Residential Income

  $1,900,050

  Multifamily

  $2,324,130

  Automotive / Energy

  $1,391,980

  Parking / Income-Based Land

  $488,430

  Restaurant / Food Service

  $796,486

  Healthcare / Senior Housing

  $1,613,190

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8078

Longitude

-104.823

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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