2504 Pikes Peak AveColorado Springs, CO 80909

Property Details for 2504 Pikes Peak Ave

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.10 AC

Property size (Sq ft)

23,936 SF

Zone code

OC

Property type

Medical offices

Property subtype

Medical centers

APN

6416117034

APU

6416117034

Description

This exceptional office property at 2504 E. Pikes Peak Ave offers two available suites ideal for various businesses. The building is a well-maintained Class B office building boasting abundant surface and covered parking, a significant advantage in this location. Enjoy stunning views of Pikes Peak from your office. One suite, measuring 2,149 square feet, and a second, larger suite of 2,317 square feet, are currently available. The larger space is a fully built-out dental office, featuring a reception and waiting area, four operatories, a private restroom, sterilization area, and consultation rooms. This ready-to-occupy space is perfect for a dental practice or a business requiring similar layouts. The building's multiple tenancy structure ensures a diverse and vibrant professional environment. A total of 3,798 square feet of vacant space is available for lease, providing flexibility for businesses of varying sizes. The motivated landlord is eager to secure tenants for these exceptional spaces. This is a rare opportunity to secure high-quality office space in a desirable location with impressive mountain views and ample parking. Don't miss out on this chance to establish your business in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $5,235,622

  6.5%

  $4,832,882

  7%

  $4,487,676

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,977,592

  Geo Method

  $1,977,592

• Alternative Use

  Use

  Valuation

  Residential

  $5,992,774

  Hospitality

  $5,489,348

  Educational

  $4,567,073

  Medical

  $4,724,142

  Retail

  $7,104,336

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8329

Longitude

-104.784

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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