5002 Academy BlvdColorado Springs, CO 80918

This exceptional investment opportunity presents Park Place Plaza, a 34,578-square-foot shopping center in Colorado Springs, CO. Located at the signalized intersection of N Academy Blvd (45,300 vehicles per day) and N Union Blvd (30,000 vehicles per day), this multi-tenant property boasts a prime location on a major retail corridor. The center comprises two buildings with 16 retail units, a coffee kiosk, and 9 storage units, currently 70% leased, providing immediate income and value-add potential. Renovated in 2021, the property sits on a 2.9-acre lot and is zoned PBC. The property benefits from its location in Colorado Springs, recently ranked the 3rd Best Place to Live in the US, with a robust economy, low property taxes, and high average household income. The Colorado Springs MSA boasts a population exceeding 760,000, ensuring a strong customer base. This Class C, NNN-leased shopping center offers a compelling investment opportunity in a thriving market. The property's high visibility and strong tenant mix make it an attractive asset for investors seeking stable income and future growth. The property's size and configuration offer flexibility for future development or expansion.