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

Retail properties

Property subtype

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].