1901 Union BlvdColorado Springs, CO 80909

Property Details for 1901 Union Blvd

Year built

1975

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.11 AC

Property size (Sq ft)

18,472 SF

Zone code

OC

Property type

Office properties

Property subtype

Office buildings

APN

6404319011

APU

6404319011

Description

This exceptional 18,472 square foot medical office building, located at 1901 N Union Blvd in Colorado Springs, CO 80909, presents a unique leasing opportunity. The property, built in 1975 and situated on 1.11 acres, is a Class C, two-story building with a single structure. Currently, there is 1,865 square feet of vacant space available, divisible into units ranging from approximately 639 to 1,865 square feet. The lease rate is $18-$25 per square foot gross, with flexible lease terms ranging from 3 to 5 years. The building features convenient first-floor access to multiple offices, a reception area, a conference room, and common area restrooms. Additional amenities include ample parking, signage availability, and a dedicated X-ray room, making it ideal for a variety of medical and office uses. The property is zoned OC, allowing for general uses including, but not limited to, insurance, medical/office practices, chiropractic services, training facilities, and call centers. The property's address is 1901 N Union Blvd, Colorado Springs, CO 80909, and its APN is 6404319011. This is a fantastic opportunity for businesses seeking versatile and well-appointed office space in a desirable Colorado Springs location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,040,458

  6.5%

  $3,729,654

  7%

  $3,463,250

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,526,157

  Geo Method

  $1,526,157

• Alternative Use

  Use

  Valuation

  Residential

  $4,624,770

  Hospitality

  $4,236,265

  Educational

  $3,524,523

  Medical

  $3,645,736

  Retail

  $5,482,591

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8598

Longitude

-104.794

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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