1765 8Th StColorado Springs, CO 80905

For Sale
$1,150,000

Colorado Springs Office Building - Owner/User Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Colorado Springs office building, located at 1765 S 8th St, presents a unique owner-user investment opportunity. The 9,600 square foot, two-story building, constructed in 1973, is classified as Class C and zoned C5. Currently, the building boasts a 50% occupancy rate, with a seasoned tenant occupying the entire ground floor, generating nearly $5,000 in monthly rental income. This income stream can significantly offset mortgage payments. The upper floor is entirely vacant, providing immediate space for an owner-occupant or additional leasing potential. The property features ample parking and two common area restrooms on each floor. The building is well-suited for various office configurations, including executive, medical, and traditional office uses. A recent appraisal supports the asking price of $1,150,000 ($119.79/sq ft). This property is ideally suited for those seeking SBA financing options. The building's multi-tenant capacity and existing income stream make it an attractive investment with significant upside potential. The property is for sale by owner.

Highlights

  • Owner-user opportunity in Colorado Springs; 9,600 sq ft, two-story Class C building.
  • 50% occupancy with $5,000/month in rental income from ground floor tenant.
  • Upper floor vacant, ideal for owner-occupant or additional leasing.
  • Ample parking and two restrooms per floor.
  • Appraised at $1,150,000 ($119.79/sq ft), SBA financing options available.

Property Details for 1765 8Th St

Property type
Other office properties, Medical offices
Square Feet
9,600 SF
Class
C
Year Built
1973
Buildings
1
Stories
2

Location Insight

City
Colorado Springs
County
El Paso
State
Colorado
Latitude
38.806455158213
Longitude
-104.84054952236
1765 8Th St, Colorado Springs, Colorado

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1765 8Th St
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