702-704 N Tejon St - Office/Residential FOR SALE


Colorado Springs, CO 80903- Downtown Colorado Springs
$1,649,900 USD
719-471-0700
702-704 N Tejon St, Colorado Springs, CO for Sale
$1,649,900 USD
Office/Residential - FOR SALE
1/69
null | 5.84% Cap Rate

NEW


702-704 N Tejon St
Colorado Springs, CO 80903
Downtown Colorado Springs


OVERVIEW

Unique opportunity to own three adjacent buildings with 5 rental units along the Tejon Street corridor: Current uses include professional office space and residential located in the Downtown Colorado Springs neighborhood, one block south of Colorado College's new Ed Robson Arena, and a short walk to downtown restaurants, churches, banks, and vibrant mix of locally-owned boutiques, microbreweries, cafes, galleries, and cultural institutions. Recently remodeled with new roofs on all buildings. Investors may enjoy immediate cash flow and potential for on-site occupancy and depreciable assets. Seller offers 1.5% of the sale price toward buyer’s realtor fee.

FOR SALE DETAILS

PRICE

$1,649,900 USD

PRICE/SF

$206 USD /SF

CAP RATE

5.84%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

C-6

APN/PARCEL ID

64073-05-020,64073-05-021,64073-05-022

ASK ABOUT THIS PROPERTY

Jim Fennell700 N Tejon, IncMore Info
719-471-0700

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Jim Fennell700 N Tejon, IncMore Info
719-471-0700

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