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26443517
26443516

2616 W Colorado Ave, Colorado Springs, CO 80904 For Sale

CA
CO FA01049625
McGraw Realtors
Cushman & Wakefield Colorado Springs Commercial
Listed by McGraw Realtors, Cushman & Wakefield Colorado Springs Commercial
$3,154,385
339 days on market
Updated 44 days ago

2616 W Colorado Ave

Details
APN 7411226068
Property Type Retail
Sub Type Shopping Center, Commercial
Square Footage 16,413
Units 24
Cap Rate 7.50%
NOI $227,807
Occupancy 100%
Tenancy Multi
Price per SqFt $198
Year Built 1952
Acreage 0.690
Parking Spaces 43 spaces
Parking per 1,000 SqFt 2.62
Investment Type Stabilized

Retail | 7.50% CAP | 16,413 SqFt

Marketing description

Welcome to Old Colorado Square, a well-located retail center in the heart of Old Colorado City—one of Colorado Springs' most historic and walkable neighborhoods. Owned by the same party since 1994, the property benefits from long-term, consistent ownership. The surrounding district is known for its local shops, restaurants, and steady year-round foot traffic from both residents and visitors.

Positioned just off Highway 24, the property benefits from exceptional visibility and access along one of the region's most heavily traveled corridors. Highway 24 is the primary route connecting Colorado Springs to the mountain communities to the west, including Woodland Park, Cripple Creek, and Eleven Mile Reservoir. In the warmer months, this corridor becomes a gateway for thousands of daily visitors heading into the Rockies for recreation, adventure, and scenic escapes—making Old Colorado City a natural and frequent stopping point.

Old Colorado Square is located at the heart of this pedestrian-friendly environment, where heritage architecture and independent retailers come together to create an authentic shopping and dining experience unlike anywhere else in the region. From art galleries and antique shops to boutique studios and beloved eateries, OCC thrives as a destination that invites exploration and repeat visits.

Listing Contacts

CA
CO FA01049625
McGraw Realtors
Cushman & Wakefield Colorado Springs Commercial
Listed by McGraw Realtors, Cushman & Wakefield Colorado Springs Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$227,807.00
$18,983.92/mo

Valuation Metrics

0
DSCR
7.22%
Cap Rate
7.22%
ROI

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Additional Information

Name
Chuck Armstrong
License
FA01049625
Brokerage Address
411 South Tejon Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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