18 S Nevada Ave - Retail FOR SALE


Colorado Springs, CO 80903- Downtown Colorado Springs
$6,900,000 USD
719-644-8900
18 S Nevada Ave, Colorado Springs, CO for Sale
$6,900,000 USD
Retail - FOR SALE
1/20
null | Request Cap Rate

18 S Nevada Ave
Colorado Springs, CO 80903
Downtown Colorado Springs


HIGHLIGHTS

  • A true Art Deco landmark: timeless architecture that cannot be replicated, creating instant identity and presence in the market.
  • Expansive layouts across multiple levels allow for seamless adaptive reuse - from hospitality and office to a vertically integrated lifestyle concept.
  • Located at the center of Colorado Springs’ urban core, surrounded by walkability, growth, and momentum.

OVERVIEW

Ownership is open to executing a long-term lease for the existing built-out space, providing flexibility for investors or owner-users seeking immediate income potential. The Golden Opportunity!  The Gold Room is a ±33,000 SF commercial building located in Downtown Colorado Springs. Pricing & Structure Offering Price: $6,900,000 Ownership is willing to carry the balance above existing debt and transaction costs, creating a flexible acquisition structure for qualified buyers. Transaction Framework • Debt Payoff: Approximately $4,700,000 • Broker Compensation: 5% of purchase price • Seller Carry: Balance above debt payoff and transaction costs Seller Financing Terms (General Guidance) • Interest Rate: ~6% • Term: Negotiable (5–10 years) • Down Payment: Negotiable • Prepayment: No penalty Property Summary • Building Size: ±33,000 SF • Condition: Partial renovation completed (multi-million-dollar investment) • Remaining Area: Available for repositioning or redevelopment Offer Guidance Ownership will consider: • All-cash offers • Structured offers utilizing seller financing Seller financing is intended to provide buyers with flexibility in capital structure while supporting a higher overall valuation. Inquiries Please contact broker to discuss deal structure and qualifications.

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$209 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Gold Room

PROPERTY TYPE

Retail

ADD'L SUBTYPES

undefined, Bar, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

C6

APN/PARCEL ID

64182-16-030

ASK ABOUT THIS PROPERTY

Bryan RodriguezReal Broker LLCMore Info
719-644-8900

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Bryan RodriguezReal Broker LLCMore Info
719-644-8900

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