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Listed by Joshua Sharp MRP SFR Equity Colorado Real Estate
$3,290,310
Est. payment /mo
1.66 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 9605847
Construction Status Existing
Year Built 1966
Annual Tax Amount $19,657
Tax Year 2024
Lot Size 1.660 Acres
Acres 1.66
Property Sub-Type Retail
Source Pikes Peak REALTOR® Services
Property Description
Prime Commercial Property with High Redevelopment Potential – Ideal for Self-Storage, Medical Office, or Mixed-Use located in one of the area's most desirable and high-traffic corridors, this commercial property presents a rare opportunity for redevelopment in a fast-growing market. Currently operating as a successful sports bar and restaurant, the site offers immediate cash flow potential, but the true long-term value lies in its flexible zoning, large lot size, and strategic location, which together make it a compelling candidate for a variety of future uses.
Key Development Highlights: Expansive Commercial Building offering a solid structure that could be repurposed or redeveloped entirely. Ideal for Self-Storage, Medical Off ice, Retail, or Mixed-Use: surrounded by growing residential neighborhoods, retail centers, and healthcare demand. Flexible PBC/MX-M Zoning Permitted uses include: Professional Offices, Administrative Offices, Research Facilities, Light Manufacturing, and Limited Industrial uses. Ample On-Site Parking and site layout conducive to drive-up access or high customer volume.
The property is currently home to a fully operational restaurant and sports bar, complete with a commercial kitchen, hood system, walk-in cooler, and liquor license. Buyers have the option to continue operations during entitlement or redevelopment planning, offering near-term income to support long-term strategy.
This is an excellent opportunity for investors, developers, or operators seeking to capitalize on a premier location with significant upside potential through repositioning or ground-up development.
Key Development Highlights: Expansive Commercial Building offering a solid structure that could be repurposed or redeveloped entirely. Ideal for Self-Storage, Medical Off ice, Retail, or Mixed-Use: surrounded by growing residential neighborhoods, retail centers, and healthcare demand. Flexible PBC/MX-M Zoning Permitted uses include: Professional Offices, Administrative Offices, Research Facilities, Light Manufacturing, and Limited Industrial uses. Ample On-Site Parking and site layout conducive to drive-up access or high customer volume.
The property is currently home to a fully operational restaurant and sports bar, complete with a commercial kitchen, hood system, walk-in cooler, and liquor license. Buyers have the option to continue operations during entitlement or redevelopment planning, offering near-term income to support long-term strategy.
This is an excellent opportunity for investors, developers, or operators seeking to capitalize on a premier location with significant upside potential through repositioning or ground-up development.
Location
State CO
County El Paso
Interior
Furnishings Existing
Exterior
Road Frontage City/Town Road
Building
Construction Status Existing
Others
Tax ID 6316216016
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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The Pena Team
Client Services | License ID: FA 040013755
Client Services License ID: FA 040013755