3709 E Platte Ave - Showroom FOR SALE


Colorado Springs, CO 80909- Park Hill
$1,419,000 USD
719-337-0999
3709 E Platte Ave, Colorado Springs, CO for Sale
$1,419,000 USD
Showroom - FOR SALE
1/10
null | Request Cap Rate

3709 E Platte Ave
Colorado Springs, CO 80909
Park Hill


HIGHLIGHTS

  • Situated along one of Colorado Springs’ busiest commercial corridors
  • Excellent visibility and signage potential
  • Quick access to Academy Blvd., Powers Blvd., and I-25
  • Surrounded by strong retail, service, and automotive users

OVERVIEW

NOW FOR SALE – REDUCED PRICE – 3709 East Platte Avenue – $1,419,000 AT $75 PER SQUARE FEET, THIS IS THE LOWEST PRICED (PSF) COMMERCIAL BUILDING FOR SALE IN COLORADO SPRINGS! This is the iconic Office Furniture Source building located at the corner of Platte & Academy. The building is a circa 1973 Craddock concrete tilt-up similar to what you’ll find up and down the front Range from Fort Collins to Albuquerque. Craddock tilt-up’s are known for their quality construction and long-term indestructibility; and this location, with an 85,000 per day traffic count, provides high visibility while maintaining easy access to all parts of the city by way of US Highway 24 (Platte Avenue) or Academy Boulevard. Located near The Space Force, Peterson Air Force Base, Schriever Air Force Base, this building is only 15 minutes to the B Street entrance at Fort Carson and is immediately adjacent to the Citadel Mall. According to the Tax Assessor, the building is 19,072 SF on 29,612 SF. It is zoned MX-L AO. Annual taxes are $30,014. Annual insurance costs $5,490. Utilities run between $1,000 – $1,800 a month depending on the weather and time of year There are 4 RTUs. All were replaced in 2017. They are in good working order and are serviced quarterly. Centerline Roofing may provide a 5 year roof certification at closing. Business Furniture Systems is a tenant in possession of about ½ the building. They pay $5,750 a month gross + 27.72% of the utilities and ½ the trash removal cost. Their lease naturally expires in April 2027, but a buyer has the right to terminate the lease on 90 days’ notice to the tenant. For a private showing and all the confidential financial information call Tim Leigh: 719-337-9551 or Holly Trinidad: 719-337-0999

FOR SALE DETAILS

PRICE

$1,419,000 USD

PRICE/SF

$74 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.68

LAND SF

29,621

ZONING

MX-L AO

APN/PARCEL ID

64151-00-082

ASK ABOUT THIS PROPERTY

Holly TrinidadHoff & Leigh Colorado Springs, LLCMore Info
719-337-0999

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Holly TrinidadHoff & Leigh Colorado Springs, LLCMore Info
719-337-0999

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