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High-Impact Citadel Mall Anchor Space 820 & 3655 Citadel Dr E 99,735 SF Vacant Retail Building Online Auction Sale Colorado Springs, CO 80909
Investment Highlights
- Premier anchor space offering 99,735 SF at the Citadel Mall, with alternate addresses of 820 Citadel Drive E and 3655 Citadel Drive E.
- Includes offices, storage, lounge, fitting rooms, and a shipping/receiving area with two loading docks, as well as on-site parking for 350 vehicles.
- Multi-use zoning in a designated Opportunity Zone, providing potential for adaptive reuse with attractive capital gains tax incentives.
- Delivered vacant and ready for immediate occupancy or leasing, ideal for retail, fitness, or showroom concepts seeking high visibility.
- Steady cross-traffic from major retailers such as PetSmart, Burlington, Sportsman’s Warehouse, Chick-fil-A, Chipotle, Raising Cane’s, and more.
- Desirable submarket with 8.8% retail vacancy, 3.4% five-year rent growth, and a 3-mile population exceeding 121,000 with $1.4B in annual spending.
Executive Summary
3655 Citadel Dr E provides an outstanding opportunity to secure a premier anchor space at the Citadel Mall in Colorado Springs. With a footprint of 99,735 square feet, the property is delivered vacant and offers adaptable configurations, including subdivision to 25,000 square feet. This flexibility makes it ideal for a range of uses, from big-box retail to fitness and showroom concepts, offering significant upside for both investors and owner/users.
3655 Citadel Dr E invites a new owner to enter a major retail hub and join other anchor tenants such as JCPenney and Dillard’s Clearance. Its open layout is complemented by supporting spaces including offices, storage, an employee lounge, fitting rooms, and shipping/receiving with two loading docks. Multiple entrances at both the exterior and mall levels, along with parking for 350 vehicles, streamline access for customers and staff.
Located just off Academy Boulevard and E Platt Avenue, the property benefits from regional connectivity and visibility, with Platt Avenue serving as the city’s primary east-west corridor, drawing daily traffic counts exceeding 45,000 vehicles. The surrounding area is home to leading retailers like PetSmart, Burlington, Rent-A-Center, Sportsman’s Warehouse, and top dining options such as Chick-fil-A, Chipotle, Raising Cane’s, and Olive Garden. This concentration of notable brands generates steady cross-traffic and creates a lucrative business environment.
3655 Citadel Dr E occupies 7.29 acres with multi-use zoning that is placed within Colorado Springs designated Opportunity Zone. This elevates the potential for adaptive reuse projects, with significant potential capital gains tax incentives available for qualifying projects.
Investors will find favorable conditions in the local East Retail Submarket, with stable leasing demand and attractive demographics. Retail vacancies currently sit at just 8.8%, with a construction pipeline that is producing below the historical average. This tight availability has driven consistent rent growth, with rates up an average of 3.4% annually during the past five years. The area’s appeal for retailers is fueled by a growing population of more than 121,000 within a 3-mile radius that earns an average household income of more than $80,000. These shoppers contribute annual consumer spending of over $1.4 billion, driving reliable retail growth in the region.
3655 Citadel Dr E/820 E Citadel Dr are the addresses for this asset on the El Paso County Assessor's database. They are one in the same.
Property tours are by appointment only. Please contact the listing broker to schedule.
3655 Citadel Dr E invites a new owner to enter a major retail hub and join other anchor tenants such as JCPenney and Dillard’s Clearance. Its open layout is complemented by supporting spaces including offices, storage, an employee lounge, fitting rooms, and shipping/receiving with two loading docks. Multiple entrances at both the exterior and mall levels, along with parking for 350 vehicles, streamline access for customers and staff.
Located just off Academy Boulevard and E Platt Avenue, the property benefits from regional connectivity and visibility, with Platt Avenue serving as the city’s primary east-west corridor, drawing daily traffic counts exceeding 45,000 vehicles. The surrounding area is home to leading retailers like PetSmart, Burlington, Rent-A-Center, Sportsman’s Warehouse, and top dining options such as Chick-fil-A, Chipotle, Raising Cane’s, and Olive Garden. This concentration of notable brands generates steady cross-traffic and creates a lucrative business environment.
3655 Citadel Dr E occupies 7.29 acres with multi-use zoning that is placed within Colorado Springs designated Opportunity Zone. This elevates the potential for adaptive reuse projects, with significant potential capital gains tax incentives available for qualifying projects.
Investors will find favorable conditions in the local East Retail Submarket, with stable leasing demand and attractive demographics. Retail vacancies currently sit at just 8.8%, with a construction pipeline that is producing below the historical average. This tight availability has driven consistent rent growth, with rates up an average of 3.4% annually during the past five years. The area’s appeal for retailers is fueled by a growing population of more than 121,000 within a 3-mile radius that earns an average household income of more than $80,000. These shoppers contribute annual consumer spending of over $1.4 billion, driving reliable retail growth in the region.
3655 Citadel Dr E/820 E Citadel Dr are the addresses for this asset on the El Paso County Assessor's database. They are one in the same.
Property tours are by appointment only. Please contact the listing broker to schedule.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Building Size
99,735 SF
Building Class
B
Year Built/Renovated
1971/2006
Tenancy
Single
Building Height
2 Stories
Loading Docks
2 Exterior
Building FAR
0.31
Lot Size
7.29 AC
Opportunity Zone
Yes
Parcel Numbers
Zoning
PBC - Planned Business Center
Parking
350 Spaces (3.51 Spaces per 1,000 SF Leased)
Frontage
358’ on Citadel Dr
Space Availability
- Space
- Size
- Space Use
- Position
- Available
99,735 SF available for lease
| Space | Size | Space Use | Position | Available |
| 1st Floor | 25,000-99,735 SF | Retail | End Cap | Now |
1st Floor
| Size |
| 25,000-99,735 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
1st Floor
| Size | 25,000-99,735 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
99,735 SF available for lease
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
16,496
121,783
278,162
2020 Population
15,906
120,272
272,445
2030 Population
16,856
123,806
283,295
2025-2030 Projected Population Growth
2.2%
1.7%
1.9%
Daytime Employees
10,650
55,203
149,088
Total Businesses
1,390
8,003
19,852
Average Household Income
$68,777
$80,696
$89,179
Median Household Income
$53,501
$64,718
$70,795
Total Consumer Spending
$173M
$1.4B
$3.4B
Median Age
35.2
36.1
36.3
2025 Households
6,998
50,951
113,527
Percent College Degree or Above
13%
16%
18%
Average Home Value
$367,034
$399,246
$426,715
Nearby Major Retailers
Sale Advisors
Sale Advisors
Eliza Pfeifer, Managing Director
Eliza combines her market knowledge, research ability and acute personalization skills to meet the needs of clients large and small. She is involved in a diverse range of real estate transactions including landlord and tenant representation, dispositions and acquisitions.
Areas of Practice
Restaurants, Retail, Education, Healthcare, Non-Profit
Experience
Eliza entered the real estate profession doing restaurant research for colleagues Zach Cytryn and Nathan Stern before acquiring her license. Previously, she worked as a teacher in Colorado, Massachusetts and Rosario, Argentina. She ran a popular language teaching blog, a consulting business and regularly presented at language conferences.
Professional Affiliations/Designations
Commercial Real Estate Women (CREW), Denver
Women in Real Estate Denver (WIRED)
Denver Metro Chamber of Commerce
Greater Englewood Chamber of Commerce
Good Business Colorado
Community/Personal Information
Eliza lives in Englewood with her husband and two small children. She is happiest when the house is clean and family and friends are relaxing in the backyard.
Areas of Practice
Restaurants, Retail, Education, Healthcare, Non-Profit
Experience
Eliza entered the real estate profession doing restaurant research for colleagues Zach Cytryn and Nathan Stern before acquiring her license. Previously, she worked as a teacher in Colorado, Massachusetts and Rosario, Argentina. She ran a popular language teaching blog, a consulting business and regularly presented at language conferences.
Professional Affiliations/Designations
Commercial Real Estate Women (CREW), Denver
Women in Real Estate Denver (WIRED)
Denver Metro Chamber of Commerce
Greater Englewood Chamber of Commerce
Good Business Colorado
Community/Personal Information
Eliza lives in Englewood with her husband and two small children. She is happiest when the house is clean and family and friends are relaxing in the backyard.
Chad Knoth, Managing Director
Chad Knoth joined Broad Street Realty in 2018, where he does leasing and sales. In 2003 Chad started his career in the real estate industry and had been involved in over 340 real estate deals which have amounted to over 29 million SF with a value of $245+ million. Chad has overseen the entitlement process of 19 development projects totaling over 125,000 SF with a deal value of just over $18 million.”
Some of the Tenants and Landlords Chad has assisted over the years are:
Target, Lifetime Fitness, King Soopers, JP Morgan Chase, Target, Lifetime Fitness, JP Morgan Chase, Cold Stone Creamery, Dutch Bros Coffee, Great Clips, Subway, Family Dollar, Fantastic Sams, Fuzzy's Taco Shop, Marco's Pizza, NAPA, Which Wich, Bank of the West, Anthony's Pizza, Bella's Market, Duckwall/Alco, King Soopers, Sturm Realty Group and GE Capital
Community/Personal Information
Mr. Knoth resides in the greater Denver area with his wife, two sons and daughter. Chad has volunteered at many organizations over the years including International Council of Shopping Centers (ICSC), Urban Land Institute (ULI), Alliance for Commerce in Englewood, Colorado (ACE) and the City of Englewood, Colorado's Planning & Zoning Commission. Currently he sits on the Daniels Alumni Advisors Board at the University of Denver. In his free time you will find him chasing the kids and enjoying the wonderful outdoor activities that Colorado has to offer.
Some of the Tenants and Landlords Chad has assisted over the years are:
Target, Lifetime Fitness, King Soopers, JP Morgan Chase, Target, Lifetime Fitness, JP Morgan Chase, Cold Stone Creamery, Dutch Bros Coffee, Great Clips, Subway, Family Dollar, Fantastic Sams, Fuzzy's Taco Shop, Marco's Pizza, NAPA, Which Wich, Bank of the West, Anthony's Pizza, Bella's Market, Duckwall/Alco, King Soopers, Sturm Realty Group and GE Capital
Community/Personal Information
Mr. Knoth resides in the greater Denver area with his wife, two sons and daughter. Chad has volunteered at many organizations over the years including International Council of Shopping Centers (ICSC), Urban Land Institute (ULI), Alliance for Commerce in Englewood, Colorado (ACE) and the City of Englewood, Colorado's Planning & Zoning Commission. Currently he sits on the Daniels Alumni Advisors Board at the University of Denver. In his free time you will find him chasing the kids and enjoying the wonderful outdoor activities that Colorado has to offer.
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
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Example Calculation
Winning Bid Amount
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Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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High-Impact Citadel Mall Anchor Space | 820 & 3655 Citadel Dr E
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