130 Kiowa StColorado Springs, CO 80903

This exceptional 27,650 square foot office building, located at 130 E Kiowa Street in downtown Colorado Springs, Colorado, presents a unique investment opportunity. The property encompasses four upper floors of executive office space and a thriving 8,000 square foot ground-level bar currently generating $8,000 in monthly income. The asking price for the entire property is $3,900,000. Alternatively, the property can be purchased in two separate components: the ground-level bar for $1,400,000 and the four upper floors (convertible to residential) for $2,500,000. The upper four floors offer significant potential for conversion into high-end residential condominiums, capitalizing on the increasing demand for luxury downtown living. The current price per square foot for the office space is $166, presenting a compelling value proposition for redevelopment. Potential renovations could include adding $150-$200 per square foot in improvements, allowing for a potential resale price of $600 per square foot. Further enhancing the property's value is the possibility of developing private, covered rooftop patios offering stunning views of Pikes Peak and the Front Range. The building also features a 24/7/365 on-site concierge service and a manned elevator, adding to its appeal and potential rental income. Located in El Paso County, Colorado, with a zip code of 80903, this property offers a blend of immediate income generation and significant long-term growth potential. The property's prime downtown location and unique features make it an attractive investment for both seasoned developers and discerning entrepreneurs.