260 S Academy Blvd - Freestanding FOR SALE


Colorado Springs, CO 80910- Park Hill
$2,523,508 USD
719-249-0523
260 S Academy Blvd, Colorado Springs, CO for Sale
$2,523,508 USD
Freestanding - FOR SALE
1/18
null | 7.13% Cap Rate

260 S Academy Blvd
Colorado Springs, CO 80910
Park Hill


OVERVIEW

258-262 South Academy Blvd. is located in the east central section of Colorado Springs. The area is part of a medium-sized shopping center just to the north of Airport Road. The site consists of 60,750 square feet of ground zoned MX-M CU UV SS AO* and is adjacent to the intersection of Airport Road and South Academy Blvd. The property is improved with a 19,920 square feet prestress concrete warehouse/office/retail building with a 20' clear ceiling height. The structure was constructed in 1997 with a 537 square feet mezzanine. The building contains (2) 7'x10' dock doors and had a new roof installed in 2012. Other improvements include 6" reinforced concrete floors and complete buildout for Sherwin Williams Paint Store and a church space which includes a stage. The entire lot consists of asphalt paved parking and a loading area. Sherwin Williams Paint Company is a national paint company and has occupied the building since 1997. Sherwin has 7 years remaining on their extended term. International Ministries New Destiny is a multi-cultural church with a congregation of 300 people at their Pueblo location. This tenant is being kept on month to month for a potential owner/user to occupy their 12,000 SF space.

FOR SALE DETAILS

PRICE

$2,523,508 USD

PRICE/SF

$127 USD /SF

CAP RATE

7.13%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

258-262 S. Academy Blvd.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

undefined, Storefront Retail/Office, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

1.39 AC

LAND SF

60,548 SF

ZONING

MX-M CU UV SS AO

APN/PARCEL ID

64154-14-002

ASK ABOUT THIS PROPERTY

Matthew CraddockCraddock Commercial Real EstateMore Info
719-249-0523

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Matthew CraddockCraddock Commercial Real EstateMore Info
719-249-0523

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