655 Sierra Madre StColorado Springs, CO 80903

Property Details for 655 Sierra Madre St

Year built

2022

Lot size

3.03 AC

Property size (Sq ft)

437,629 SF

Zone code

FBZ-CEN

Property type

High-rise multifamily apartments

APN

6418324045

APU

6418324045

Description

This exceptional retail property, located at 655 S. Sierra Madre St in Colorado Springs, CO 80903, offers 11,939 square feet of versatile commercial space currently fully vacant and available for lease. The property is ideally suited for a variety of uses, including restaurants, retail stores, bars, and nail salons, reflecting its flexible zoning and adaptable layout. Units are divisible to a minimum of 1,200 square feet, allowing for customization to meet diverse business needs, with larger spaces available up to 7,200 square feet. The building's prime location benefits from its proximity to a thriving mixed-use development, encompassing Weidner Field, over 1,181 residential units across three phases, and more than 40,000 square feet of retail space along Sierra Madre and Moreno Plaza. A beautiful pedestrian walkway further enhances the area's appeal and walkability, creating a vibrant and attractive environment for businesses and customers alike. This presents a unique opportunity to establish a presence in a rapidly growing and dynamic Colorado Springs neighborhood with significant foot traffic and residential density. The property's size and flexibility make it an excellent investment for both established businesses seeking expansion and new ventures looking for a strong foothold in a desirable market. Contact us today to learn more about leasing opportunities and explore the potential of this exceptional retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $118,698,296

  6.5%

  $109,567,656

  7%

  $101,741,392

• Comparable approach

  Method

  Valuation

  Relative Method

  $56,043,208

  Geo Method

  $56,043,208

• Alternative Use

  Use

  Valuation

  Residential

  $109,567,656

  Hospitality

  $100,363,384

  Educational

  $83,501,152

  Medical

  $86,372,888

  Retail

  $129,890,688

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8251

Longitude

-104.829

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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