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19940356
19940357

120 Sahwatch St, Colorado Springs, CO 80903

GF
CO CO 000967125
Fountain Colony LLC
CA
CO EA914925
NAI Highland, LLC
MS
CO FA40035343
NAI Highland, LLC
Listed by Fountain Colony LLC, NAI Highland, LLC
Unpriced
636 days on market
Updated 92 days ago
Opportunity zone

127 W. Colorado Ave

Details
Property Type Multifamily, Mixed Use (+1)
Sub Type Commercial
Acreage 2.300
Zoning Form-Based Zoning – Central Sector (FBZ CEN) NO Height Limit

Multifamily

Marketing description

Downtown Colorado Springs is a 1.1 square mile district centered at the intersection of I-25 and Highway 24, featuring the county’s largest concentration of office (5.1 million square feet of office and 1+ million square feet of retail,) and entertainment. The pedestrian-friendly streets feature 70+ retail shops, over 130 restaurants, breweries, coffee shops, and bars, which collectivity see 11.86 million annual visitors. Downtown is also home to a growing population of 2,500 businesses employing a workforce of approximately 27,000. Although the downtown area covers just 0.05% of the El Paso County’s total land area, it’s home to 7% of all jobs county-wide. Average wages in downtown are 6% higher than the national average for those same positions, and the area boasts a strong entrepreneurial spirit, with 482 new business fillings throughout 2022. Circling downtown is Colorado Springs’ famous Legacy Loop, a 10-mile urban trail system. Additionally, five parks provide over 180 acres of urban park land. In terms of entertainment, the downtown district hosts over 950 arts, cultural, and special events annually

Investment highlights

  • Located Within an Opportunity Zone
  • Rare Downotwn Colorado Springs Development Site
  • Low Mill Levy (64.762)
  • Potential for Proerty Tax Abatement Through the Downtown Development Authority
  • Unobstructed Mountain Views
  • 2 Minute Walk to 17 Acre America the Beautiful Park and 27 Mile Pikes Peak Greenway Trail
  • Visibility From I-25 With Over 130,000 Vehicles Per Day
  • 60% Renters Within One Mile
  • Over $2 Billion in Investment in Downtown Colorado Springs Completed in Past 10 Years or in the Pipeline
  • Adjacent to Pikes Peak Center for the Performing Arts With Over 200 Events Annually
  • One Block From the U.s. Olympic & Paralymic Museum
  • 3 Blocks to 5,000-seat Weidner Field Soccer Stadium

Listing Contacts

GF
CO CO 000967125
Fountain Colony LLC
CA
CO EA914925
NAI Highland, LLC
MS
CO FA40035343
NAI Highland, LLC
Listed by Fountain Colony LLC, NAI Highland, LLC

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Additional Information

Name
Gary Feffer
License
CO 000967125
Brokerage
Fountain Colony
Title
Broker / Pricipal
Brokerage Address
106 West Pikes Peak Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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