201 Weber StColorado Springs, CO 80903

  • Office properties
  • 12,625 SF
For Lease

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,761,519
    6.5%
    $2,549,095
    7%
    $2,367,016
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,043,078
    Geo Method
    $1,043,078
  • Alternative Use

    Use
    Valuation
    Residential
    $3,160,878
    Hospitality
    $2,895,347
    Educational
    $2,408,894
    Medical
    $2,491,740
    Retail
    $3,747,169
201 Weber St, Colorado Springs, Colorado

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$30,152
$112,190
$400,480
$512,670
-
$402,114
$1,435,401
$1,837,515

FAQs

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