110 Tejon StColorado Springs, CO 80903

Property Details for 110 Tejon St

Year built

1903

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.11 AC

Property size (Sq ft)

7,405 SF

Zone code

FBZ-T1

Property type

Retail space

APN

6418210016

APU

6418210016

Description

This exceptional mixed-use property, located at 110 N Tejon Street in the heart of downtown Colorado Springs, Colorado, presents a compelling investment opportunity. The 7,405 square foot building is a two-story structure featuring a ground floor retail space currently occupied by a long-term tenant. The upper level offers versatile office space with short-term leases in place. This prime location offers substantial growth potential, benefiting from its position directly above the established Savory Spice Shop. The property is situated in El Paso County, Colorado, with a zip code of 80903. Seller financing is available, making this an attractive option for investors seeking a value-add opportunity with a stable, long-term retail tenant and the upside potential of the short-term office leases. This is a rare chance to acquire a well-positioned commercial property in a thriving downtown area. The property's address is 110 N Tejon Street, Colorado Springs, CO 80903.

• CAP approach

  CAP return

  Valuation

  6%

  $2,380,998

  6.5%

  $2,197,844

  7%

  $2,040,856

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,541,739

  Geo Method

  $1,541,739

• Alternative Use

  Use

  Valuation

  Residential

  $1,853,964

  Hospitality

  $1,698,221

  Educational

  $1,412,900

  Medical

  $1,461,492

  Retail

  $2,197,844

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8358

Longitude

-104.824

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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