620 S Cascade Ave - Office FOR SALE


Colorado Springs, CO 80903- Downtown Colorado Springs
$3,000,000 USD
719-520-1600
620 S Cascade Ave, Colorado Springs, CO for Sale
$3,000,000 USD
Office - FOR SALE
1/8
null | Request Cap Rate

620 S Cascade Ave
Colorado Springs, CO 80903
Downtown Colorado Springs


HIGHLIGHTS

  • Fantastic Owner-User or Adaptive Reuse Opportunity
  • Modern and Architecturally Significant, Designed by John P. Nelson
  • Fenced Parking Lot with 25 Spaces + Abundant Street Parking. Rare for Downtown.
  • Surrounded by New Mixed-Use, Residential, and Entertainment Developments
  • Priced at Less than 50% of Replacement Cost - High Quality Construction

OVERVIEW

SVN is pleased to present Cascade Station, a unique office property with real flexibility for owner-users or investors seeking an adaptive reuse project. Two of the best suites in the building are coming available - perfect for a user who can benefit from the income from the existing tenants. Designed by John P. Nelson in the 1980s to resemble a 19th-century train depot, the building stands out with its historic character, featuring reclaimed sections from the old Manitou Springs train depot. Cascade Station sits in the heart of downtown Colorado Springs. The preferred Cascade Avenue address offers easy access to I-25, major city thoroughfares, and a growing base of amenities. Just 1 block from Weidner Field Stadium and 4 blocks from the El Paso County Courthouse, the property has easy access to the rapidly expanding downtown district and is surrounded by a mix of restaurants, retail, and numerous new multi-family developments. Cascade Station is just minutes from the city’s vibrant core, Colorado College, and local parks. With strong drive-by traffic and a walkable location, this address offers both convenience and high exposure for businesses and tenants alike. Cascade Station is within the Pikes Peak Enterprise Zone, making for-profit businesses operating here eligible for Colorado state income tax credits. These incentives apply to a range of activities, including equipment purchases, employee hiring and training, research and development, and more.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$213 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Cascade Station Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

OR, Colorado Springs

APN/PARCEL ID

64183-25-022

ASK ABOUT THIS PROPERTY

Doug CarterSVN | Denver CommercialMore Info
719-520-1600

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Doug CarterSVN | Denver CommercialMore Info
719-520-1600

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