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Opportunity Zone
Platte Office and Short Term Rental
Value Add Development Deal with Multiple Zoning Options
Listing Contacts
Active
Asking Price: $799,999
Address
815 E Platte Ave, Colorado Springs, CO 80903
Show on MapDate Added
Jul 31, 2023
Days on Market
651 days
Time Since Last Update
119 days
Details
Property TypeHospitality, Mixed Use, Office, Special Purpose
SubtypeCreative Office, Motel, Traditional Office
Investment TypeValue Add
Square Footage4,281
Price/Sq Ft$186.87
Pro-Forma Cap Rate7.50%
OccupancyVacant
Year Built1952
ZoningR5
Broker Co-OpYes
INTELLIGENCEMarketing Description
**HUGE PRICE REDUCTION - INCLUDES DEVELOPMENT LOTS** Mixed-use property zoned R-5 in an Opportunity Zone! 2,500 sqft of office space on Platte Ave with seven distinct offices plus a common area. Three residential units on the rear of the building. Primely located within walking distance to the heart of downtown.
Investment Highlights
Value Add investment with multiple potential streams of income. This property includes office space that can be net leased, and short term rental units. Also, the rear lots can be purchased additionally.
Valuation Calculator
Valuation Calculator
Loan Amount
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Cap Rate
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ROI
Property History
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Due Diligence
Listing Contacts
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Additional Information
Additional Information
Broker Name
Mike Galt
Broker License
CO CO FA100088486
Brokerage Name
BHGRE Kenney & Company
Broker Title
Real Estate Broker
Brokerage Address
2120 Academy Circle, Colorado Springs, United States 80909
Broker Name
Mike Kenney
Broker License
CO 40023867
Brokerage Name
BHGRE - Kenney & Company
Broker Title
Broker/Owner
Brokerage Address
2120 Academy Circle, Colorado Springs, United States 80909
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