2761-2771 Briargate Blvd - Retail FOR SALE


Colorado Springs, CO 80920- Falcon Estates
$2,800,000 USD
719-355-9097
2761-2771 Briargate Blvd, Colorado Springs, CO for Sale
$2,800,000 USD
Retail - FOR SALE
1/12
null | 6.35% Cap Rate

2761-2771 Briargate Blvd
Colorado Springs, CO 80920
Falcon Estates


HIGHLIGHTS

  • High Visibility location at Briargate/Union
  • Leasing Upside in high growth area
  • Prime redevelopment opportunity

OVERVIEW

Offered for sale for the first time in more than twenty years is 2761 - 2771 Briargate Boulevard in Colorado Springs, CO. This eight unit, 5 tenant building on 1.78 acres represent a rare opportunity to purchase a total of 12,043 SF cash flowing NNN asset on a high visibility corner in the desirable Briargate neighborhood in Colorado Springs. Located adjacent the North Academy and Briargate avenue retail corridors, the property is an ideal cash flowing asset and is primed for redevelopment as QSR or a similar future retail use. The property was constructed in 1987 and was remodeled in 2016 with the facade, roof most of the HVAC units being replaced at that time. The property has been well-maintained and professionally managed for the last twenty years.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$229 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pikeview Point

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Auto Repair, Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

82

LAND DETAILS

CROSS STREETS

Briargate & Union Blvds.

LAND ACRES

1.78 AC

LAND SF

77,537 SF

ZONING

PBC-CR ,Colorado Springs

APN/PARCEL ID

63044-12-090

ASK ABOUT THIS PROPERTY

Weston ThomasWestward PropertiesMore Info
719-355-9097

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Weston ThomasWestward PropertiesMore Info
719-355-9097

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