111 Tejon StColorado Springs, CO 80903

Property Details for 111 Tejon St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.11 AC

Property size (Sq ft)

2,525 SF

Zone code

FBZ-CEN

Property type

Retail space

APN

6418209012

APU

6418209012

Description

The North Tower at 111 South Tejon Street in Colorado Springs, Colorado, presents a unique opportunity within a premier Class A office campus. This 187,352 square foot building, constructed in 1983 and renovated in 2001, offers multiple tenancy options within a creative office environment. Located in El Paso County, zip code 80903, the property boasts flexible floor plans designed to accommodate a variety of business needs. The building features high-level tenant finishes in common areas, enhancing the professional atmosphere. Convenient access is provided via a covered walkway connecting directly to a city parking garage, ensuring ease of access for employees and clients. Beyond the practical aspects, the North Tower showcases distinctive architectural details and impressive water features within its multi-story lobby, creating a sophisticated and welcoming environment. This property is part of a larger downtown campus, offering additional amenities to tenants. The building's prime location in the heart of downtown Colorado Springs provides excellent visibility and accessibility. This is an exceptional opportunity to secure high-quality office space in a thriving urban setting.

• CAP approach

  CAP return

  Valuation

  6%

  $811,887

  6.5%

  $749,434

  7%

  $695,903

• Comparable approach

  Method

  Valuation

  Relative Method

  $525,711

  Geo Method

  $525,711

• Alternative Use

  Use

  Valuation

  Residential

  $632,176

  Hospitality

  $579,069

  Educational

  $481,779

  Medical

  $498,348

  Retail

  $749,434

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8358

Longitude

-104.823

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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