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$620,000

2511 W Colorado Avenue, Colorado Springs, CO 80904

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Property Description

An Amazing Opportunity to purchase an income producing property and a piece of Colorado history in the heart of Old Colorado City! The property consists of a large office/retail space on the main level and two 1 bed/1 bath units on the upper level / Tenants in Apartments A & B are in place and leases through 2021 / Over 1900 square feet of Office or Retail on the Main Level / New rubber polymer roof installed in 2014 / New A/C for the main level space / Updated Mechanicals and Electrical / NE upper unit has Colorado Ave. Views & SW unit has outdoor patio & Mountain Views / Upper units are accessible from street entrance or the back entrance with designated parking / Property was built originally as a saloon in the late 1800's and during prohibition became a barber shop / Property has a basement area that has an entrance to a tunnel utilized during the Prohibition period that was part of a larger tunnel system underground in the area. Also, visible at the top of the staircase entrance to the apartment units is a "prohibition window" that occupants could see visitors but visitors could not see occupants / Property could be used for vacation rentals in the future! Zoned C6 w/ room to expand toward the rear alleyway / Tons of income earning potential in OCC!!
An Amazing Opportunity to purchase an income producing property and a piece of Colorado history in the heart of Old Colorado City! The property consists of a large office/retail space on the main level and two 1 bed/1 bath units on the upper level / Tenants in Apartments A & B are in place and leases through 2021 / Over 1900 square feet of Office or Retail on the Main Level / New rubber polymer roof installed in 2014 / New A/C for the main level space / Updated Mechanicals and Electrical / NE upper unit has Colorado Ave. Views & SW unit has outdoor patio & Mountain Views / Upper units are accessible from street entrance or the back entrance with designated parking / Property was built originally as a saloon in the late 1800's and during prohibition became a barber shop / Property has a ...
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Area & Lot

MLS® ID
5754880
Type
Commercial

Finance

Reduced Price
Price Upon Request
Real Estate Taxes
$4,794/yr
2511 W Colorado Avenue
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Work With Chad Penkhus

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