320 Circle DrColorado Springs, CO 80909

For Sale
$1,065,000

Established eatery, high traffic location

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 3,938 square foot free-standing restaurant building, located at 320 N Circle Dr in Colorado Springs, CO 80909, presents a lucrative investment opportunity. Built in 1975 and boasting 100% occupancy, the property is situated on a sizable 24,000 square foot lot, offering ample parking with 35+ spaces, recently repaved and restriped. The single-story building is zoned C6 and features a single unit. The asking price is $1,065,000, translating to $270.44 per square foot. This well-maintained establishment has enjoyed a long and successful history as a family-owned restaurant since its construction. Its prime location on Circle Drive, near Platte Avenue, ensures high visibility and accessibility. The property's potential extends beyond its current use; an adjacent, similarly zoned (C6) parcel of 22,400 square feet is available for purchase for $895,000, offering significant redevelopment possibilities for an ambitious investor seeking expansion. This presents a unique chance to acquire a thriving business or to capitalize on the potential for future development in a desirable Colorado Springs location. The property's APN is 6416115008.

Highlights

  • $1,065,000 asking price for a 3,938 SF restaurant.
  • 100% occupancy, single-tenant retail property.
  • Located at 320 N Circle Dr, Colorado Springs, CO 80909.
  • Features a 24,000 SF lot with ample parking.
  • C6 zoning.

Property Details for 320 Circle Dr

Property type
Other retail properties, Restaurants
Square Feet
3,938 SF
Year Built
1975
Buildings
1
Stories
1
Units
1

Location Insight

City
Colorado Springs
County
El Paso
State
Colorado
Latitude
38.8369493
Longitude
-104.7762968
320 Circle Dr, Colorado Springs, Colorado

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320 Circle Dr
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