$650,000

2511 W Colorado Avenue

Colorado Springs CO, 80904

Description

Opportunity to purchase an income producing property & a piece of Colorado history located in the heart of Old Colorado City! The property consists of a large retail space on the main level and two 1 bd/1 ba units on the upper level. All tenants in place and leases through 2020. New rubber polymer roof put on in 2014. The retail unit has A/C. NE upper unit has Colorado Ave. views & SW unit has outdoor patio & mountain views. The units are accessible from streetside entrance or back entrance with designated parking. Property built originally as a saloon in the late 1800's & during prohibition became a barber shop. Property has basement area w/ entrance to a tunnel utilized during prohibition time 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!

Details

MLS#9861481
StyleIndustrial
Sub-TypeResale
StatusActive
Year1900
Days On Site11

Features

SQ Feet2,936
Story(s)1
ZoningC6

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Area Information

StateCO
CountyEl Paso
CityColorado Springs
Zip Code80904
AreaEl Paso
Listing VS Median (in 80904)
Price:
$650,000
low | high
Med:
$439,900
82.323076923077% of Average
SqFt:
2,936
low | high
Med:
2,304
71.525885558583% of Average
$ / SqFt:
$221
low | high
Med:
$191
63.758920940171% of Average
On Site:
11
low | high
Med:
316
3.481012658228% of Average
Listing Updated: 10/18/2019
MLS Number: 9861481
Listing Provided By:
Jeffrey Piggot  of  RE MAX Real Estate Group Inc
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