1785 N Academy Blvd - Light Distribution FOR SALE


Colorado Springs, CO 80909- Knob Hill
$1,400,000 USD
303-945-5697
1785 N Academy Blvd, Colorado Springs, CO for Sale
$1,400,000 USD
Light Distribution - FOR SALE
1/16
null | 9% Cap Rate

1785 N Academy Blvd
Colorado Springs, CO 80909
Knob Hill


HIGHLIGHTS

  • Prime corner location with traffic counts over 47,000 daily
  • $1M in recent renovations including new roof and mechanical systems
  • Loft-style interiors with exposed concrete beams and modern finishes
  • Stable tenant with 3.5 years remaining on initial lease term
  • Surrounded by new developments and strong retail co-tenancy

OVERVIEW

Positioned at the high-traffic intersection of N. Academy Boulevard and Constitution Avenue, this urban loft-style office property offers a rare investment opportunity in the heart of Colorado Springs. Priced at $1,400,000 with a strong 9.0% cap rate, the asset combines modern design with long-term stability, featuring a tenant secured for 3.5 years in the initial term. Recent capital improvements totaling $1 million include a new EPDM roof, upgraded mechanical RTU systems, enhanced electrical service, and contemporary finishes throughout. The interior boasts 12-foot exposed concrete beam ceilings and an open, creative layout that appeals to today’s professional and artistic users. The property benefits from exceptional visibility and accessibility, with traffic counts exceeding 47,000 vehicles daily along N. Academy Boulevard. Located within a vibrant mixed-use corridor, the site is surrounded by new developments, retail destinations, and residential neighborhoods, ensuring sustained demand and growth potential. Demographics underscore the strength of the location, with over 292,000 residents within a five-mile radius and average household incomes surpassing $81,000. This offering is ideal for investors seeking a turnkey asset in a dynamic market. With modern infrastructure, strategic positioning, and a proven income stream, the property delivers both immediate returns and long-term upside in one of Colorado’s most active commercial hubs.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$58 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

UTILITIES

Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

12 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

1.89

LAND SF

82,328

ZONING

MX-M

APN/PARCEL ID

64023-07-030

ASK ABOUT THIS PROPERTY

Dan PrevedelMalman Real EstateMore Info
303-945-5697

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Dan PrevedelMalman Real EstateMore Info
303-945-5697

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