1501 W Colorado Ave - Storefront Retail/Residential FOR SALE


Colorado Springs, CO 80904- Old Colorado City
$1,599,000 USD
719-494-6794
1501 W Colorado Ave, Colorado Springs, CO for Sale
$1,599,000 USD
Storefront Retail/Residential - FOR SALE
1/92
null | 7.22% Cap Rate

1501 W Colorado Ave
Colorado Springs, CO 80904
Old Colorado City


OVERVIEW

Beautiful building in West Colorado Springs near Old Colorado City. Retail, Office, Workshop and 2 Luxury Apartments. Newly renovated throughout with infrastructure and aesthetic upgrades throughout. New custom engineered electrical system throughout. New HVAC throughout (with 3 zoned units). New floors and finished in retail and office spaces. Top to bottom renovation of 2 upstairs apartments. Back apartment is 2 bed/1 bath with front and rear entrances and back deck with incredible views. Fully renovated kitchen with new appliances. Fully renovated bathroom with high-end finishes. Front apartment is 1 bed/1 bath with fully renovated kitchen and bathroom. Shared laundry space for apartments upstairs. Gravel lot parking with room for 12+ cars/customers. Tons of storage space in unfinished basement. Run your retail business on main level and live upstairs, or rent out everything and cashflow. Closing and possession are flexible.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$292 USD /SF

CAP RATE

7.22%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1501 W Colorado - Retail + 2 Lux Apartments

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1901

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

C5

APN/PARCEL ID

74132-05-001

ASK ABOUT THIS PROPERTY

Chris ClontsKeller Williams PremierMore Info
719-494-6794

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Chris ClontsKeller Williams PremierMore Info
719-494-6794

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.