28 Tejon StColorado Springs, CO 80903
- Retail properties
- 2,810 SF
Property Details for 28 Tejon St
- Year built
- 1952
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.05 AC
- Property size (Sq ft)
- 2,810 SF
- Zone code
- FBZ-CEN
- Property type
- Retail properties
- Property subtype
- Bars
- APN
- 6418214015
- APU
- 6418214015
Description
This exceptional restaurant space, totaling 2,327 square feet, is available for lease in the vibrant downtown Colorado Springs area, at 28 S Tejon St, zip code 80903. Located in El Paso County, Colorado, this retail space sits on a 0.11-acre lot within a larger building of 14,868 square feet. The space is immediately available and features a fully equipped kitchen including a shared 1,500-gallon grease interceptor and hoods (approximately one 15-foot hood and one dishwasher hood). A 5-ton HVAC system is in good operating condition, and the space boasts a 200-amp, 3-phase electrical panel. The attractive interior includes a beautiful curved wood bar with pendant lighting and a brick wall accent. Separate men's and women's restrooms are conveniently located within the space. This is a fantastic opportunity for a restaurant operator seeking a move-in ready space in a high-traffic downtown location. The minimum divisible space is 2,327 square feet, and the maximum contiguous space available is also 2,327 square feet. This space is adjacent to the award-winning Urban Egg restaurant.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $903,525
- 6.5%
- $834,023
- 7%
- $774,450
-
Comparable approach
- Method
- Valuation
- Relative Method
- $585,049
- Geo Method
- $585,049
-
Alternative Use
- Use
- Valuation
- Residential
- $703,530
- Hospitality
- $644,430
- Educational
- $536,158
- Medical
- $554,597
- Retail
- $834,023
Location Insight
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Latitude
- 38.835
- Longitude
- -104.824
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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