$590,000

1532 W Colorado AvenueColorado Springs, CO 80904

Sq ft: 0
Acres: 0.1
Built: 1968

Listing courtesy of Pink Realty Inc · Active · MLS #2540199

About this home

Position your business along West Colorado Ave with this mixed-use property at the corner of Colorado Ave and 16th St in Old Colorado City. The location offers excellent exposure to traffic along this main corridor, includes a large, illuminated monument sign and existing drive-thru lanes. Excellent exposure along West Colorado Avenue, with approximately 11,420 vehicles per day on the nearby segment southeast of 17th Street (2025 AADT; CDOT/PPACG). The main level features approximately 2,050 sq ft of commercial retail space—a blank canvas ready to be tailored to your business vision. The vacant commercial area offers flexibility for a variety of potential uses- zoned MX-M. Head upstairs to the remodeled 1,453-sq-ft apartment featuring two bedrooms, a separate office, two bathrooms, HUGE closets, and washer/dryer hookups. The combination of commercial space and a spacious residential apartment offers options for an investor or a business owner seeking additional rental income. With a prominent corner location, flexible commercial space, and an updated apartment, this property offers a compelling opportunity in Old Colorado City. Come check it out! *Property was historically operated as a dry-cleaning facility. Available environmental records include a 1991 underground-storage-tank removal/site assessment and a November 29, 1995 Colorado state letter approving the tank-related remedial action and requiring no further investigation or remediation at that time. The letter addresses the historical underground tanks and does not establish current property-wide environmental clearance. No current Phase I Environmental Site Assessment is available. Historical reports are attached; additional historical records are available upon request. Buyers should review the documents with their environmental consultant and lender to determine any additional assessment requirements.

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