831 S Circle Dr - Storefront Retail/Office FOR SALE


Colorado Springs, CO 80910- Park Hill
$1,950,000 USD
719-650-9913
831 S Circle Dr, Colorado Springs, CO for Sale
$1,950,000 USD
Storefront Retail/Office - FOR SALE
1/6
null | 6.2% Cap Rate

831 S Circle Dr
Colorado Springs, CO 80910
Park Hill


OVERVIEW

This attractive midcentury shopping center sits on busy S Circle, just north of the light at Fountain Blvd. with quick access from Highway 24 and I25 and within close proximity to downtown. The large 1.56-acre lot provides tons of parking for the center. Interiors have updated finishes, and most have ADA bathrooms. 50-year roof coating installed 2016. Some new HVAC units in 2017. Below market rents with 3% annual increases. There is 3,170 SF that could be available for an owner occupant of for re-tenanting at a higher rate.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$176 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

PBC

APN/PARCEL ID

64211-18-003

ASK ABOUT THIS PROPERTY

Amanda LucianoTrent Properties GroupMore Info
719-650-9913

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Amanda LucianoTrent Properties GroupMore Info
719-650-9913

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