2933 Sage StColorado Springs, CO 80907

Property Details for 2933 Sage St

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.37 AC

Property size (Sq ft)

2,196 SF

Zone code

C5/CR CU HS

Property type

Self service car washes

APN

7336102019

APU

7336102019

Description

This exceptional 0.37-acre commercial lot presents a compelling redevelopment opportunity in Colorado Springs, Colorado. Located at 2933 Sage St, this high-visibility corner lot boasts 2,196 square feet and is zoned C5/CR CU HS, offering significant potential for various commercial ventures. The asking price is $615,000, translating to $280.05 per square foot. The property's strategic location ensures high traffic volume, making it particularly well-suited for quick-service drive-thru establishments such as coffee shops or sandwich restaurants. An existing car wash on the property provides immediate cash flow while pre-development work with the city progresses. This presents a unique chance to generate income while planning a future development. The parcel number is 7336102019. Seller financing is available, making this an attractive investment opportunity for developers seeking a prime location with immediate return potential. The property is situated in El Paso County, Colorado, with a zip code of 80907.

• CAP approach

  CAP return

  Valuation

  6%

  $706,100

  6.5%

  $651,785

  7%

  $605,229

• Comparable approach

  Method

  Valuation

  Relative Method

  $457,212

  Geo Method

  $457,212

• Alternative Use

  Use

  Valuation

  Residential

  $549,805

  Hospitality

  $503,618

  Educational

  $419,005

  Medical

  $433,415

  Retail

  $651,785

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.876

Longitude

-104.838

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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