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Old Colorado Square 2616 W Colorado Ave 16,413 SF 97% 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
97%
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
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 5
- 484 SF
- Office/Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 5 | 484 SF | Office/Retail | - | Now |
5
| Size |
| 484 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
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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