123 Union BlvdColorado Springs, CO 80909

Property Details for 123 Union Blvd

Year built

1979

Construction

STEEL FRAME

Lot size

0.19 AC

Property size (Sq ft)

6,468 SF

Zone code

C6

Property type

Retail space

APN

6416215007

APU

6416215007

Description

This exceptional 6,400 square foot free-standing industrial building is ideally situated in Colorado Springs, Colorado, at 123 N Union Blvd, zip code 80909. The property boasts a prime location and offers a versatile layout perfect for a variety of businesses. The building features approximately 2,400 square feet of showroom space, highlighted by large display windows, providing excellent visibility and showcasing opportunities. In addition, there's 2,000 square feet of warehouse space, complemented by a 2,000 square foot mezzanine. The seller offers the option of removing the mezzanine to create a "high cube" warehouse with a generous 16-foot free span ceiling height. The property also includes a fenced yard, enhancing security and functionality. Further enhancing the value, the roof was completely replaced in 2023 and comes with a transferable 10-year warranty. A clean Phase 1 environmental inspection report is available for review. The asking price is $850,000, delivered in shell condition, presenting a compelling investment opportunity at $132.81 per square foot. This property is ready for immediate occupancy and customization to suit your specific business needs. Located in El Paso County, this centrally located building offers easy access to major transportation routes and amenities.

• CAP approach

  CAP return

  Valuation

  6%

  $2,079,716

  6.5%

  $1,919,738

  7%

  $1,782,614

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,346,653

  Geo Method

  $1,346,653

• Alternative Use

  Use

  Valuation

  Residential

  $1,619,371

  Hospitality

  $1,483,335

  Educational

  $1,234,117

  Medical

  $1,276,560

  Retail

  $1,919,738

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8353

Longitude

-104.794

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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