1800 Nevada AveColorado Springs, CO 80905
- Retail properties
- 6,761 SF
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
- Retail properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,173,927
- 6.5%
- $2,006,702
- 7%
- $1,863,366
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,407,656
- Geo Method
- $1,407,656
-
Alternative Use
- Use
- Valuation
- Residential
- $1,692,728
- Hospitality
- $1,550,530
- Educational
- $1,290,023
- Medical
- $1,334,388
- Retail
- $2,006,702
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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