2427 W Colorado Ave
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2427 W Colorado Ave
6,678 SF Retail Building Colorado Springs, CO 80904 $1,700,000 ($255/SF)
Investment Highlights
- The property includes a five-bedroom attached apartment and additional retail space, making it a versatile and inviting destination for all.
- Only vacant part of the property is the apartment upstairs - 5 bedroom, living room, 1 bathroom
- Located in a prime spot in the historic business district, our restaurant has been a beloved fixture for over 20 years
- Apartment upstairs has off street access
Executive Summary
Unlock your entrepreneurial dreams with this exceptional opportunity to own a highly successful Mexican restaurant in the heart of Colorado! Located in a prime spot in the historic business district, our restaurant has been a beloved fixture for over 20 years. With its 18-foot ceilings and long-standing reputation for extremely high standards, this place is a true gem.Offering authentic Mexican cuisine, a full-service bar, a spacious dining room, and a complete kitchen with updated hood suppression and a walk-in freezer, we ensure a top-notch dining experience. The property includes a five-bedroom attached apartment and additional retail space, making it a versatile and inviting destination for all.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
6,678 SF
Building Class
C
Year Built
1900
Price
$1,700,000
Price Per SF
$255
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.90
Lot Size
0.17 AC
Zoning
C-6, Colorado Spring - Commercial
Parking
19 Spaces (2.85 Spaces per 1,000 SF Leased)
Frontage
43 FT on South 25th Street
Amenities
- Restaurant
- Security System
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Jorge's Restaurant
- -
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Jorge's Restaurant | - | - | - | - |
Walk Score ®
Walker's Paradise (92)
Bike Score ®
Very Bikeable (85)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 74112-33-012 | Improvements Assessment | $123,300 |
| Land Assessment | $19,840 | Total Assessment | $143,140 |
PROPERTY TAXES
Parcel Number
74112-33-012
Land Assessment
$19,840
Improvements Assessment
$123,300
Total Assessment
$143,140
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2427 W Colorado Ave
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