937-947 S Tejon Street Colorado Springs, CO $ 750,000
937-947 S Tejon Street
$ 750,000
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937-947 S Tejon Street

Colorado Springs, CO, 80903
$ 750,000
Baths0.0 Sq 2,600

Monthly Estimate*

$ 4,985

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Studio

Commercial Property for sale in Colorado Springs, CO

for $750,000. This 2,600 square foot building was built in 1948 on a lot size of 0.459.

**Prime Location with Tremendous Potential!** Conveniently situated just off I-25 in the growing area of south downtown Colorado Springs, this property holds immense promise, especially being within an opportunity zone. Desirable Off-Street Parking:Ample parking space, a rarity in urban settings, ensures seem less accessibility for patrons. Versatile Bar Area: The property includes a small versatile bar area, ideal for various business concepts and entertainment ventures. Expansion Potential: An additional 10000 sq ft lot (937 S. Tejon St.)is a blank slate, it offers opportunities for expansion or optimizing parking facilities, enhancing the property's value and utility. Sale includes all Furniture, Fixtures, and Equipment (FF&E), streamlining the transition for new owners. **Optional Business Acquisition:** Prospective buyers have the option to acquire a successful Italian restaurant that has been a staple in Colorado Springs for many years along with the property for an additional cost. Hotel and restaurant liquor license- available to transfer with purchase This property presents a compelling investment opportunity in a growing area, boasting strategic location, versatile amenities, and potential for further development. Don't miss out on this chance to capitalize on the growing market of south downtown Colorado Springs!

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Commercial Active

Price

$ 750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,123

Style

Retail

Lot Size

0.459

Year Built

1948

Town/City

Colorado Springs

County/Region

El Paso

MLS | Web ID

1784042

Features
General
Property Type Commercial
Yearly Taxes 3123.58
Status Active
Sub Type Retail
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* Excluded Features
List By
Exp Realty Llc

Broker

melaniesellscolorado@gmail.com

Email

Affordability Calculator

$5,245
Per Month
95%
5%
0%
Monthly Principal & Interest
$4,985
Monthly Property Taxes
$260
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
267029 Elementary School
266932 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/9/2024$750,000 Listed Price

Map


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937-947 S Tejon Street, Colorado Springs, CO, 80903 is a Commercial Property for sale at $750,000 with 2,600 sqft and a lot size of 0.459. 937-947 S Tejon Street is a studio with 0.0 baths and was built in 1948. The property's zip code is 80903 which is in Colorado Springs, CO