Downtown Gateway Assemblage of 2 Lots Retail FOR SALE


Colorado Springs, CO - Downtown Colorado Springs
$2,707,500 USD
719-598-3000
, Colorado Springs, CO for Sale
$2,707,500 USD
Retail - FOR SALE
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Downtown Gateway Assemblage of 2 Lots
Colorado Springs, CO
Downtown Colorado Springs


HIGHLIGHTS

  • Redevelopment potential
  • Build, hold or both
  • In-Place Income
  • Great identity at the corner of Bijou and Cascade
  • 14,250 SF two-parcel assemblage

OVERVIEW

2 & 8-14 E BIJOU STREET is a rare gateway opportunity at the I-25 entrance to Downtown Colorado Springs. This 14,250 SF two-parcel corner assemblage sits at Cascade Avenue and Bijou Street, steps from Tejon Street’s dining, retail and entertainment corridor, Acacia Park, and a thriving certified Creative District. The 7,640 SF multi-tenant retail building at 8-14 E Bijou St provides in-place income while the adjacent parking lot at 2 E Bijou St offers immediate development potential, giving investors the flexibility to build, hold, or both. FBZ-COR zoning allows mixed-use development. Its location within both an Opportunity Zone (incentive expiring October 2026) and Enterprise Zone provides a compelling tax incentive stack rarely found on a site of this visibility and scale. Property Information: Sale Price: $2,707,500 ($190 PSF) Total Site Size: 14,250 SF (2 parcels) 2 E Bijou Street (Parking Lot): 5,625 SF 8-14 E Bijou Street: 7,640 SF Retail Building on 8,625 SF Lot Zoning: FBZ-COR (Form Based Zone - Corridor) Current Income: ~$100,000 / yr Easy access to and from I-25 with great visibility Great identity at the corner of a very busy intersection, near the entrance to Downtown. Opportunity Zone: Special tax incentives to draw long-term investment to the community by providing deferred capital gains taxes or tax breaks to incentivize capital investment in Opportunity Funds. (Incentive expiring October 2026) Enterprise Zone: Businesses are eligible for state income tax credits and sales and use tax exemptions for specific business investments. Located in between Hilton Garden Inn & city parking garage

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Ingrid RichterOlive Real Estate GroupMore Info
719-598-3000

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Ingrid RichterOlive Real Estate GroupMore Info
719-598-3000

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