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1507 W Colorado Ave

968 SF Retail Building Colorado Springs, CO 80904 $370,000 ($382/SF)

Investment Highlights

  • All set up and permits passed for sandwich shop/coffee shop type operation
  • Turn key ready
  • 12 parking spaces in rear, but also on the bus line

Executive Summary

Welcome to this unique property, perfectly situated in Old Colorado City, surrounded by charming shops, vibrant restaurants, and rich historical character. This property is a rare find, offering the flexibility to serve both commercial and residential purposes, making it an ideal investment for entrepreneurs, or with some conversions, a sweet living space. Zoned C5, the property is fully equipped with a commercial kitchen, meticulously designed, and approved by Regional Building Department. The kitchen is ready to support your culinary ventures, whether you dream of opening a cozy coffee shop, a bustling sandwich spot, or any food-related business that could benefit from high foot traffic in this thriving area. The building's exterior retains its historic charm, blending seamlessly into the Old Colorado City aesthetic while providing modern amenities inside. Twelve parking spaces in the back makes this location highly desirable for business owners and their customers. With its strategic location, versatile zoning, and fully approved commercial kitchen, this property presents an exceptional opportunity for those looking to establish a business or create a unique living space in one of Colorado Springs’ most sought-after neighborhoods. Don’t miss out on this chance to be a part of Old Colorado City’s vibrant community—schedule your showing today!

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
968 SF
Building Class
C
Year Built
1908
Price
$370,000
Price Per SF
$382
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Land Acres
0.17 AC
Zoning
C5 - This is a mixed-used zoning category.
Parking
12 Spaces (12.4 Spaces per 1,000 SF Leased)
Bike Score ®
Very Bikeable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
74132-05-002
Land Assessment
$15,230
Improvements Assessment
$33,980
Total Assessment
$49,210
  • Listing ID: 32878103

  • Date on Market: 8/19/2024

  • Last Updated:

  • Address: 1507 W Colorado Ave, Colorado Springs, CO 80904

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