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1501 W Colorado - Retail + 2 Lux Apartments 1501 W Colorado Ave 5,472 SF 1% Leased Retail Building Colorado Springs, CO 80904 $1,599,000 ($292.21/SF) 7.22% Cap Rate

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EXECUTIVE SUMMARY

Beautiful building in West Colorado Springs near Old Colorado City. Retail, Office, Workshop and 2 Luxury Apartments. Newly renovated throughout with infrastructure and aesthetic upgrades throughout. New custom engineered electrical system throughout. New HVAC throughout (with 3 zoned units). New floors and finished in retail and office spaces. Top to bottom renovation of 2 upstairs apartments. Back apartment is 2 bed/1 bath with front and rear entrances and back deck with incredible views. Fully renovated kitchen with new appliances. Fully renovated bathroom with high-end finishes. Front apartment is 1 bed/1 bath with fully renovated kitchen and bathroom. Shared laundry space for apartments upstairs. Gravel lot parking with room for 12+ cars/customers. Tons of storage space in unfinished basement. Run your retail business on main level and live upstairs, or rent out everything and cashflow. Closing and possession are flexible.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,472 SF
Building Class
C
Year Built
1901
Price
$1,599,000
Price Per SF
$292.21
Cap Rate
7.22%
NOI
$115,500
Percent Leased
1%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.74
Lot Size
0.17 AC
Zoning
C5
Parking
8 Spaces (1.75 Spaces per 1,000 SF Leased)
Frontage
88’ on 15th St
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Dutch Bros
King Soopers Fuel Center
Starbucks
CrossFit
Scooter's Coffee
Texas Roadhouse

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
74132-05-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$285,320
  • Listing ID: 37291745

  • Date on Market: 8/15/2025

  • Last Updated:

  • Address: 1501 W Colorado Ave, Colorado Springs, CO 80904

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