2828 Powers BlvdColorado Springs, CO 80922

Property Details for 2828 Powers Blvd

Year built

1996

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.52 AC

Property size (Sq ft)

20,594 SF

Zone code

PBC/CR AO

Property type

Retail properties

Property subtype

Strip malls

APN

6336418004

APU

6336418004

Description

This exceptional retail property, Safeway Marketplace East, located at 2828 N Powers Blvd, Colorado Springs, CO 80922, offers 226,989 square feet of total building space. Currently, there are four available inline retail spaces ranging from 1,120 to 2,315 square feet, totaling 5,500 square feet of vacant space. The property boasts a strong tenant mix, anchored by Safeway and Kohl's, and further complemented by Michael's, Petco, and T-Mobile/Sprint, ensuring high foot traffic. Situated at the northwest corner of Powers Boulevard and Constitution Avenue, this center benefits from excellent visibility and accessibility along Colorado Springs' fastest-growing retail corridor. The property is zoned PBC/AO and is located in El Paso County, near the intersection of Barnes Rd and Chaparrel. This presents a unique opportunity for businesses seeking high-traffic exposure in a thriving retail environment. The property's strategic location and established tenant base make it an ideal investment for a variety of retail uses. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $6,621,780

  6.5%

  $6,112,412

  7%

  $5,675,812

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,287,720

  Geo Method

  $4,287,720

• Alternative Use

  Use

  Valuation

  Residential

  $5,156,048

  Hospitality

  $4,722,912

  Educational

  $3,929,408

  Medical

  $4,064,546

  Retail

  $6,112,412

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8731

Longitude

-104.722

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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