505 E Columbia St - Storefront Retail/Residential FOR SALE


Colorado Springs, CO 80907- North End
$1,620,000 USD
719-641-9965
505 E Columbia St, Colorado Springs, CO for Sale
$1,620,000 USD
Storefront Retail/Residential - FOR SALE
1/15
null | 6.5% Cap Rate

505 E Columbia St
Colorado Springs, CO 80907
North End


HIGHLIGHTS

  • Strong, stable tenant base with historically high occupancy
  • Long-term leases in place with a strong foundation for continued income potential
  • Flexible main-level retail configuration (currently 3 commercial tenants)
  • Two income-producing 2/2 residential apartments on the upper level
  • Well-maintained building in the heart of an established neighborhood
  • Rare mixed-use asset in a walkable, amenity-rich location

OVERVIEW

505 E Columbia St presents an opportunity to acquire a commercial asset in the Patty Jewett area of Colorado Springs, approximately five minutes from Downtown Colorado Springs. Constructed in 2005, the property benefits from a central infill location with convenient access to established residential neighborhoods, local businesses, and major transportation corridors serving the Colorado Springs market. Its position along the Legacy Loop walking and biking trail contributes to area connectivity and supports a range of professional, service-oriented, and neighborhood-serving commercial uses. The property's contemporary design and mixed-use character provide flexibility for investors seeking a well-located commercial holding in one of Colorado Springs' established urban neighborhoods. The surrounding area continues to benefit from proximity to downtown employment, dining, retail destinations, and regional amenities, while maintaining access to major north-south and east-west transportation routes throughout the city. Colorado Springs remains one of Colorado's major economic centers, supported by a diverse employment base that includes defense, aerospace, healthcare, technology, education, and professional services. The property's location within the urban core places it near key demand drivers and established residential density, supporting long-term occupancy potential and sustained commercial activity. For investors seeking a centrally located asset with accessibility to downtown and surrounding neighborhoods, 505 E Columbia St offers a position within a mature and active commercial environment.

FOR SALE DETAILS

PRICE

$1,620,000 USD

PRICE/SF

$253 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,959 SF

ZONING

PUD UV

APN/PARCEL ID

64071-02-012

ASK ABOUT THIS PROPERTY

Jim FosterColumbia Commons, LLCMore Info
719-641-9965

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Jim FosterColumbia Commons, LLCMore Info
719-641-9965

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