947 Tejon StColorado Springs, CO 80903

  • Turn key restaurants
  • 2,600 SF
For Sale
$700,000 View listing

Property Details for 947 Tejon St

Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.23 AC
Property size (Sq ft)
2,600 SF
Zone code
FBZ-T1
Property type
Turn key restaurants
APN
6419211022
APU
6419211022

Description

This exceptional 2,600 square foot restaurant space is situated in a prime South Downtown Colorado Springs location, just off I-25 within an Opportunity Zone. The property includes two buildings on a 0.459-acre lot and boasts ample off-street parking—a rare find in this vibrant urban setting. A versatile bar area adds to its appeal, making it suitable for a variety of culinary concepts. The sale includes all furniture, fixtures, and equipment (FF&E), simplifying the transition for new owners. A transferable hotel and restaurant liquor license is also included. An additional, undeveloped 0.23-acre lot (937 S. Tejon St.) with a separate utility meter presents significant expansion potential, allowing for increased parking or additional building space. The property is zoned FBZ-T1. Prospective buyers also have the option to acquire a long-established Italian restaurant business for an additional cost. Showings are available on Sundays and Mondays only. This presents a compelling investment opportunity in a rapidly growing area. The asking price is $700,000.

Location Insight

City
Colorado Springs
County
El Paso
State
Colorado
Latitude
38.8201
Longitude
-104.824
CBSA code
17820
CBSA name
COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,785
$18,690
$40,520
$59,210
-
$67,000
$145,230
$212,230

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