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Old Colorado Square 2616 W Colorado Ave 16,413 SF 100% Leased Retail Building Colorado Springs, CO 80904 $3,254,385 ($198.28/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Long term ownership
- High tourism foot traffic
- In the heart of a historic walkable neighborhood
- 100% Leased
EXECUTIVE SUMMARY
Welcome to Old Colorado Square, a well-located retail center in the heart of Old Colorado City—one
of Colorado Springs’ most historic and walkable neighborhoods. Owned by the same party since 1994,
the property benefits from long-term, consistent ownership. The surrounding district is known for its
local shops, restaurants, and steady year-round foot traffic from both residents and visitors.
of Colorado Springs’ most historic and walkable neighborhoods. Owned by the same party since 1994,
the property benefits from long-term, consistent ownership. The surrounding district is known for its
local shops, restaurants, and steady year-round foot traffic from both residents and visitors.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
16,413 SF
Building Class
B
Year Built
1982
Price
$3,254,385
Price Per SF
$198.28
Cap Rate
7%
NOI
$227,807
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.55
Lot Size
0.69 AC
Zoning
MX-L - Medium Commercial
Parking
43 Spaces (2.62 Spaces per 1,000 SF Leased)
Frontage
235’ on W Colorado Ave
AMENITIES
- Restaurant
- Signage
- Storage Space
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 74112-26-068 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $534,190 |
PROPERTY TAXES
Parcel Number
74112-26-068
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$534,190
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Old Colorado Square | 2616 W Colorado Ave
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