1202 N Academy Blvd
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1202 N Academy Blvd
361 SF Retail Building Colorado Springs, CO 80909 $600,000 ($1,662/SF)
Investment Highlights
- High visibility, 45,000 vehicles per day
- Parking lot for display sales
- Corner lot with ease of access
Executive Summary
Prime corner lot located at the high-traffic intersection of N Academy Blvd and Uintah St, offering excellent visibility with approximately 45,000 vehicles per day. The property is situated in an evolving retail corridor, within both an Opportunity Zone and the Pikes Peak Enterprise Zone, providing significant development potential.
?This property offers a unique opportunity for investors or business owners seeking high visibility in a rapidly growing area. The flexible zoning allows for a variety of commercial uses, and the Opportunity Zone designation provides potential tax incentives.
?This property offers a unique opportunity for investors or business owners seeking high visibility in a rapidly growing area. The flexible zoning allows for a variety of commercial uses, and the Opportunity Zone designation provides potential tax incentives.
Taxes & Operating Expenses (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$3,026
|
$8.38
|
| Operating Expenses |
$1,778
|
$4.93
|
| Total Expenses |
$4,804
|
$13.31
|
Taxes & Operating Expenses (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $3,026 |
| Annual Per SF | $8.38 |
| Operating Expenses | |
|---|---|
| Annual | $1,778 |
| Annual Per SF | $4.93 |
| Total Expenses | |
|---|---|
| Annual | $4,804 |
| Annual Per SF | $13.31 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
361 SF
Building Class
C
Year Built
1970
Price
$600,000
Price Per SF
$1,662
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.35 AC
Opportunity Zone
Yes
Zoning
C5 R5
Parking
26 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Accent Lighting
Walk Score ®
Very Walkable (83)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 64101-16-017 | Total Assessment | $63,600 (2023) |
| Land Assessment | $48,070 (2023) | Annual Taxes | $3,026 ($8.38/SF) |
| Improvements Assessment | $15,530 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
64101-16-017
Land Assessment
$48,070 (2023)
Improvements Assessment
$15,530 (2023)
Total Assessment
$63,600 (2023)
Annual Taxes
$3,026 ($8.38/SF)
Tax Year
2024
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1202 N Academy Blvd
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