This exceptional commercial property, located at 6452 Templeton Gap Road in Colorado Springs, Colorado, presents a unique investment opportunity. The 1.02-acre lot is zoned MX-M and offers a substantial 44,431 square feet of versatile space, currently configured to accommodate a restaurant, commercial, and medical office uses. The asking price is $599,000, representing a land value of $587,255 per acre. This prime location in El Paso County, with its convenient access and high visibility, makes it ideal for a variety of businesses. The property's size and zoning flexibility allow for diverse development possibilities, catering to a wide range of commercial ventures. The existing building provides ample space for immediate occupancy, while the expansive lot offers potential for future expansion or redevelopment. The property's strategic location in the 80923 zip code offers excellent access to major transportation routes and a thriving local market. This is a rare opportunity to acquire a significant commercial property in a desirable Colorado Springs location. The property's versatility and substantial size make it an attractive investment for both established businesses and ambitious entrepreneurs seeking a foothold in a growing market. Serious inquiries are encouraged.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Industrial / Distribution
$20,364,900
Retail / Commercial
$10,374,900
Mixed-Use / Specialty
$10,284,200
Hospitality / Lodging
$7,475,240
Office
$10,167,100
Institutional / Educational
$10,672,200
Residential Income
$12,486,500
Multifamily
$15,273,400
Automotive / Energy
$9,147,600
Parking / Income-Based Land
$3,209,800
Restaurant / Food Service
$5,234,240
Healthcare / Senior Housing
$10,601,300
Location Insight
City
Colorado Springs
County
El Paso
State
Colorado
Latitude
38.9265
Longitude
-104.723
CBSA code
17820
CBSA name
COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
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Templeton Gap Rd Colorado Springs, CO 80923
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Templeton Gap Rd Colorado Springs, CO 80923
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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