1501 W Colorado Ave - Storefront Retail/Residential FOR SALE


Colorado Springs, CO 80904- Old Colorado City
$1,525,000 USD
719-237-9425
1501 W Colorado Ave, Colorado Springs, CO for Sale
$1,525,000 USD
Storefront Retail/Residential - FOR SALE
1/40
null | Request Cap Rate

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


OVERVIEW

Exceptional Investment or Owner-User Opportunity Position your business for success in this beautifully remodeled commercial property located on a highly visible corner lot at a signalized intersection. Renovated in 2024, the building features a new air conditioning system, fully zoned HVAC, and upgraded electrical, offering modern efficiency and reliability throughout. The versatile main level is ideally suited for retail, professional office, or service-oriented businesses and can accommodate an owner-user or be divided for two separate tenants. Upstairs are two completely remodeled luxury apartments, one with a spacious deck showcasing mountain views, creating an outstanding live/work opportunity or generating additional rental income. Additional highlights include 12 off-street parking spaces, excellent accessibility, and outstanding exposure with traffic counts of approximately 12,500 to 14,000 vehicles per day (based on the most recent available traffic study). This is a rare opportunity to own a fully updated mixed-use property in a premier, high-visibility location with multiple income possibilities.

FOR SALE DETAILS

PRICE

$1,525,000 USD

PRICE/SF

$279 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1901

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,500 SF

ZONING

MX-M

APN/PARCEL ID

74132-05-001

ASK ABOUT THIS PROPERTY

Deanne WalkerTrent Properties GroupMore Info
719-237-9425

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Deanne WalkerTrent Properties GroupMore Info
719-237-9425

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