2806 Pikes Peak AveColorado Springs, CO 80909

Property Details for 2806 Pikes Peak Ave

Year built

1966

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.56 AC

Property size (Sq ft)

16,250 SF

Zone code

C5

Property type

Strip malls

Property subtype

Neighborhood centers

APN

6415220028

APU

6415220028

Description

This exceptional retail property, located at 2806-2844 E Pikes Peak Avenue in Colorado Springs, Colorado, offers 16,250 square feet of space on a 1.56-acre lot in El Paso County. Currently configured as a multi-tenant building, one 1,486 square foot storefront unit is immediately available. The property boasts a highly desirable location at the busy intersection of Pikes Peak Avenue and Circle Drive, ensuring high foot traffic and excellent visibility for your business. This prime retail space provides convenient access to major roadways, making it easily accessible to customers. The property's strategic location and ample space present a significant opportunity for growth and success. Whether you're seeking to establish a new business or expand an existing one, this property offers exceptional potential. The property is zoned for retail use and is situated in a thriving commercial area of Colorado Springs, zip code 80909. This is an ideal opportunity to secure a prominent retail presence in a high-demand location. Contact us to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $5,225,013

  6.5%

  $4,823,089

  7%

  $4,478,582

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,383,289

  Geo Method

  $3,383,289

• Alternative Use

  Use

  Valuation

  Residential

  $4,068,456

  Hospitality

  $3,726,684

  Educational

  $3,100,557

  Medical

  $3,207,190

  Retail

  $4,823,089

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8331

Longitude

-104.774

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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