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1629 S Nevada Ave 2,456 SF Retail Building Colorado Springs, CO 80905 $1,200,000 ($488.60/SF)
Investment Highlights
- Lot: 0.42 acres (18,324 SF) with paved public road frontage
- Parking: 25 dedicated spaces
- Status: Active, sold “as-is” retail space or vacant redevelopment site
- Building: 2,757 SF free-standing brick retail (built 1946)
- Utilities: Electricity & sewer connected to public systems
- Development-Ready: Demolition bid in hand, Phase I & ALTA complete; no TIF concerns
Executive Summary
Prime C-5 zoned commercial lot with 2,757 SF free-standing building and 25 paved parking spaces on high-traffic S Nevada Ave. Phase I, ALTA survey, and demo bid are complete—making this a shovel-ready redevelopment site. Ideal for retail, office, or mixed-use. Combine with adjacent parcels for 1.7+ acres of development potential.
Property Facts Under Contract
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,456 SF
Building Class
C
Year Built
1946
Price
$1,200,000
Price Per SF
$488.60
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.42 AC
Zoning
C5
Parking
25 Spaces (10.18 Spaces per 1,000 SF Leased)
Frontage
36’ on S Nevada Ave
Amenities
- Bus Line
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 64301-21-001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $158,810 |
Property Taxes
Parcel Number
64301-21-001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$158,810
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1629 S Nevada Ave
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