Located near Downtown Colorado Springs and Memorial Park, 307-321 S Hancock Avenue presents an excellent opportunity to acquire a ±6,206 SF retail and commercial property on ±0.4063 acres. Zoned MX-M (Mixed-Use Medium Scale), the property supports a wide range of retail, restaurant, office, medical, and service commercial uses. The building includes a grease trap, making it well suited for restaurant or food service operators, while a newer roof and HVAC systems help reduce future capital expenses. Its functional layout provides flexibility for owner-users, investors, or businesses seeking a centrally located commercial property. With convenient access to Downtown Colorado Springs, major transportation routes, and nearby neighborhoods, the property offers excellent potential for a variety of commercial operations. Property Highlights Sale Price: $1,150,000 Building Size: ±6,206 SF Lot Size: ±0.4063 Acres Zoning: MX-M (Mixed-Use Medium Scale) Grease trap installed Newer roof and HVAC systems Flexible retail and commercial layout Near Downtown Colorado Springs and Memorial Park Ideal Uses Restaurant or café Retail store Medical or dental office Professional office Fitness or wellness studio Salon or spa Showroom Specialty market Owner-user Investment property Frequently Asked Questions What is the asking price? $1,150,000. What is the building size? Approximately 6,206 SF. What is the lot size? Approximately 0.4063 acres. What zoning does the property have? MX-M (Mixed-Use Medium Scale), allowing a broad range of commercial uses, subject to City of Colorado Springs regulations. Does the property have restaurant infrastructure? Yes. A grease trap is already installed. Have major building systems been updated? Yes. The property features a newer roof and HVAC systems. Can be owner user: Yes