3129 & 3133 N El Paso Street
8 Units offering a unique blend of commercial and residential spaces in the North Nevada Corridor
Marketing description
Cushman & Wakefield is pleased to introduce 3129 & 3133 N El Paso Street, a versatile property offering a unique blend of commercial and residential spaces in the vibrant locale near the North Nevada Redevelopment Corridor & Downtown Colorado Springs. This listing encompasses three distinct components: a one-unit commercial building, a single-family home, and a multifamily property consisting of six units.
The added commercial space presents an exciting business opportunity for investors. With a prime location, the potential for high traffic and visibility enhances the appeal for business owners seeking a strategic business address. Complementing the commercial space, the single-family home and multifamily property, offering a harmonious blend of space and functionality, cater to a variety of needs for renters.
Situated just North of Downtown Colorado Springs, this property benefits from its proximity to key amenities, entertainment options, and cultural attractions. With its diverse offerings, strategic location, and potential for a range of uses, 3129 & 3133 N El Paso Street represents a highly compelling opportunity for those seeking to place capital in the heart of Colorado Springs and reap high returns.
Investment highlights
- Turn-key investment:
- Current ownership has taken meticulous care of the buildings, all the while positioning the portfolio with great in-place rents, immediate cash flow and predictable returns.
- Creative opportunity with room for income growth:
- The current owner has flexible leases with great in place rents that still have immediate room for rent growth. In addition, the commercial space has a built in $50 increase per-year over the next 5 years. Opportunity to divide parcel with 2 existing addresses.
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