Commercial Property For Sale by Owner

Location/Addresses:   

702-704 N. Tejon Street

708 N. Tejon Street

22 E. Monument Street

Price: $1,649,900

Total Buildings Area: 8,000 Square Feet

Total Lot Size: 15,000 Square Feet

Total Parking Spaces: 14

Cap Rate: 5%

Sale Type: Investment/Owner Use

Property Subtype: Commercial and Residential 

Zoning: C-6- Office or Residential

Year Built: 1955/2023 (Renovations)

Net Operating Income: $96,354 annually

Tenancy: Multiple (5 Rentals)

Priced below Market

Walking Distance to Colorado College and Downtown 

Potential for Multiple Uses 

Potential for Owner Occupancy

Seller is willing to pay 1.5% towards buyer's realtor

Unique opportunity to own three contiguous properties along the Tejon Street corridor: Current uses include professional office space and residential located in the Downtown Colorado Springs neighborhood, one block south of Colorado College's new Ed Robson Arena, and a short walk to downtown restaurants, churches, banks, and vibrant mix of locally-owned boutiques, microbreweries, cafes, galleries, and cultural institutions. Recently remodeled with new roofs on all buildings. Investors may enjoy immediate cash flow and potential for on-site occupancy and depreciable assets.  22 E. Monument Street is currently advertised for lease.

For more information about these properties contact us.

Phone No. 719-323-5725

Email: admin@enspiragroup.com