216 N Tejon St - Storefront FOR SALE


Colorado Springs, CO 80903- Downtown Colorado Springs
$795,000 USD
719-238-1660
216 N Tejon St, Colorado Springs, CO for Sale
$795,000 USD
Storefront - FOR SALE
1/31
null | Request Cap Rate

216 N Tejon St
Colorado Springs, CO 80903
Downtown Colorado Springs


HIGHLIGHTS

  • Located directly across from Acacia Park with great foot and car traffic
  • Primary downtown corridor with many restaurants and shops nearby

OVERVIEW

Charming 1905 building located in the heart of downtown Colorado Springs. Ideal location for an office, retail, bar or restaurant on Tejon Street. This is a prime location with heavy foot traffic along the downtown Tejon Street corridor. It fronts Acacia Park where many activities bring families out for water fountain summer amusements or ice skating in the winter. It is located on the route for all the major parades and festivities that occur downtown. The building is grandfathered for having an awning on the sidewalk which increases the visibility of your business to pedestrians and people driving down Tejon Street. The building is spacious with 1,667 SF on a 3,167 SF lot. The rear of the building fronts an alleyway and has over 1,400 SF that could be developed or used as a private parking lot which holds 4-5 vehicles. Located in an Opportunity Zone and Enterprise Zone, providing special tax incentives and credits for new and established businesses. Parking is available in the city parking garage directly behind the building with 305 parking spaces. Original charm with modern conveniences! The building’s historical features, including the original floor-to-ceiling brick wall and 14 ft tin ceiling has been preserved while the rest was completely renovated and brought to 2006 building codes. Walls of windows (front and back) and huge, central skylight provide ample natural light and a modern atmosphere. Only the property is for sale, the business currently occupying the building is not for sale. The Listing Agent is one of the owners of the property.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$477 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1905

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,154 SF

ZONING

C6, Colorado Springs

APN/PARCEL ID

64182-07-018

ASK ABOUT THIS PROPERTY

Marion MeyerBerkshire Hathaway HomeServicesMore Info
719-238-1660

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Marion MeyerBerkshire Hathaway HomeServicesMore Info
719-238-1660

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