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Bijou & Nevada Retail

2 Office Properties Offered at $5,000,000 in Colorado Springs, CO

Executive Summary

Offered for sale for the first time in more than twenty years are 116 & 128 North Nevada Avenue in Colorado Springs, CO.
These two buildings on 3 parcels represent a rare opportunity to purchase a total of 27,000 SF including a corner lot and parking in downtown Colorado Springs.
Located adjacent to downtown’s Acacia park and steps from busting Tejon Avenue, these properties are primed for redevelopment as retail, office, or residential.
The two buildings are full of original historic details including beautiful casework, hardwood floors and ceiling details. Soaring ceilings on the upper level offer lots of flexibility for loft apartments, condos or offices while additional basement space (not included in SF calculations) and a private outdoor breezeway offer opportunity for creative retail conversion.
Property currently has only 2 tenants: King’s Chef Diner and Susanna’s comfort cuisine, both in retail units at street level.

Property Facts

Price $5,000,000
Price / SF $122.91 / SF
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 40,680 SF
Total Land Area 0.51 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
127-131 E Bijou St, Colorado Springs, CO 80903 Office 28,680 SF 1914 -
116 N Nevada Ave, Colorado Springs, CO 80903 Office 12,000 SF 1900 -
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  • Listing ID: 32616570

  • Date on Market: 7/29/2024

  • Last Updated:

  • Address: Bijou & Nevada Retail, Colorado Springs, CO

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