5628-5704 E Pikes Peak Avenue, Colorado Springs

$525,000

0 Beds
0 Baths
1½ Acres
0 Garages

This is the development opportunity you've been waiting for! Collect rents while you wait for your permits, or raise lease amounts to market for great cash flow. CAP rate is for projected rents. Two tenants currently in place; both leases are well below market, and will expire July 2023. 1.5 acres on industrial land consisting of three 1/2 acre parcels. Zoned PIP2 APZ1 AO, allowing for many uses, perfect for outdoor/ storage, self-storage facility, warehouse and many others. Buyer to verify zoning info with City planning.

Essential Information
MLS® #7789529
Price$525,000
Bathrooms0.00
Acres1.50
TypeCommercial Sale
Sub-TypeCommercial
StatusActive
Community Information
Address5628-5704 E Pikes Peak Avenue
CityColorado Springs
CountyEl Paso
StateCO
Zip Code80916
Amenities
UtilitiesElectricity Connected
Additional Information
Date ListedAugust 3rd, 2022
Days on Market6
ZoningPIP2 APZ1 AO
Listing Details
OfficeNational Investor Realty
LISTING MAP

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