201 Weber StColorado Springs, CO 80903

Property Details for 201 Weber St

Year built

1954

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.42 AC

Property size (Sq ft)

12,625 SF

Zone code

C6

Property type

Office buildings

APN

6418105027

APU

6418105027

Description

This exceptional 7,351 square foot creative office space, located at 201 N Weber St in Colorado Springs, CO 80903, presents a unique investment opportunity. Situated on a 0.42-acre lot, this single-story building boasts a prime location at the intersection of N. Weber St and E. Bijou St, offering excellent visibility and accessibility. Recently renovated in 2024, the property features a distinctive barrel roof and provides ample on-site parking with 12 spaces. The building's C-8 zoning allows for versatile use, making it ideal for a variety of businesses. Its proximity to Canvas Credit Union, Acacia Park, the Downtown YMCA, and numerous restaurants and shops ensures high foot traffic and convenient access to amenities. The property is currently multi-tenant, with 7,351 square feet of vacant space available for lease. Built in 1901 and meticulously updated, this property offers a blend of historic charm and modern functionality. The property's unique design and prime location make it an ideal space for businesses seeking a high-profile presence in the heart of downtown Colorado Springs. The APN is 64181-05-027. This is a rare opportunity to secure a highly desirable commercial space in a thriving urban environment. The property offers great identity and signage opportunities, along with convenient loading capabilities.

• CAP approach

  CAP return

  Valuation

  6%

  $3,129,720

  6.5%

  $2,888,970

  7%

  $2,682,620

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,043,080

  Geo Method

  $1,043,080

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,786,670

  Retail / Commercial

  $2,948,010

  Mixed-Use / Specialty

  $2,922,230

  Hospitality / Lodging

  $2,124,080

  Institutional / Educational

  $3,032,490

  Residential Income

  $3,548,010

  Multifamily

  $4,339,910

  Automotive / Energy

  $2,599,280

  Parking / Income-Based Land

  $912,058

  Restaurant / Food Service

  $1,487,300

  Healthcare / Senior Housing

  $3,012,350

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8368

Longitude

-104.819

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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