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1004 S Tejon St
Colorado Springs, CO 80903
Office Property For Sale
EXECUTIVE SUMMARY
This stand-alone building is in excellent condition with a newer roof and newer HVAC units. It is currently leased to a marijuana dispensary that is pursuing its recreational sales license. The tenant prefers to stay and would like to sign an extension with continuing annual escalations through April, 2030. The lease is NNN. If a buyer imagines a different use and wants to occupy the property, the current lease goes through 4/30/2027.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,293 SF
Building Class
C
Year Built
1966
Price
$650,000
Price Per SF
$283.47
Cap Rate
8%
NOI
$52,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,293 SF
Building FAR
0.23
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
FBZ-T1
Parking
20 Spaces (8.72 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Restaurant
- Signage
PROPERTY TAXES
| Parcel Number | 64192-18-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $133,610 |
PROPERTY TAXES
Parcel Number
64192-18-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$133,610
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