Former +/-5,655 SF Musashi Restaurant on 1 ac | 1765 N Academy Blvd
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Former +/-5,655 SF Musashi Restaurant on 1 ac 1765 N Academy Blvd
5,655 SF Retail Building Colorado Springs, CO 80909 $780,000 ($138/SF)
Investment Highlights
- Owner user or redevelopment opportunity MX-M zoning
- Large, flat 1 acre lot
- Monument signage
- Current build out - 2nd generation restaurant
- Excellent visibility along Academy Blvd
- New developments in the area
Executive Summary
Seller is motivated to put a deal together. Will entertain all reasonable offers. +/-5,655 SF retail property (last use was a Musashi restaurant) on a flat and useable 1 acre lot along Academy Blvd. Excellent visibility. New developments coming to the area. Property is prime for the new owner to utilize for their own business, redevelop or reposition the asset. Zoning use is under MX-M (see below link).
+/- 46,000 cars per day
Population of +/-298,000 within 5 mile radius
Average HH income of +/-$76,000 within a 5 mile radius
+/- 46,000 cars per day
Population of +/-298,000 within 5 mile radius
Average HH income of +/-$76,000 within a 5 mile radius
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,655 SF
Building Class
B
Year Built
1972
Price
$780,000
Price Per SF
$138
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.00 AC
Zoning
MX-M - Mixed Use Medium Density zoning allows for a multitude of uses for the property
Parking
25 Spaces (4.42 Spaces per 1,000 SF Leased)
Frontage
115 FT on Academy Blvd
Amenities
- Bus Line
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 64023-07-023 | Improvements Assessment | $0 |
| Land Assessment | $99,560 | Total Assessment | $99,560 |
PROPERTY TAXES
Parcel Number
64023-07-023
Land Assessment
$99,560
Improvements Assessment
$0
Total Assessment
$99,560
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Former +/-5,655 SF Musashi Restaurant on 1 ac | 1765 N Academy Blvd
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