Address
3640 W Colorado Avenue Colorado Springs, CO
Price
$ 1,900,000
Property Attributes
  • MLS#4432210
  • TypeCommercial
  • CountyEL PASO
  • CityColorado Springs
  • AreaThe Chroninc Boutique
  • Zip80904
  • StyleLowRise
  • Year Built1942
  • Taxes5778
  • Price$ 1,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4037
  • Lot Size0.31 Acres
Listing Provided Courtesy Of:
Denver Realty Group
Property Description

Rare Opportunity, to own Multifamily & Retail!! 7-Units total, 6 apartments with one retail space. Centrally located between Old Colorado City and Manitou Springs, this Little Getaway with C-5 / HS Zoning is ideal for all kinds of cash flow. Current business operation is The Chronic Boutique a Dispensary operating in 1,000sf retail space. Also currently has 5 apartments rented through AIRBNB as The Little Getaway. The Chronic Boutique and The Little Getaway are just 12 min west of downtown Colorado Springs. Property is to include 1,000sf curbside Retail, two duplexes and a 3-bed 2-bath managers home that has another 1 bed 1 bath rental unit attached, for a total of 7-units. Current marijuana business gets walk-ins (thanks to excellent location off W Colorado Ave. and high visibility). Current AIRBNB business gets internet reservations, as repeat/return clients from great overall internet reviews for well managed and clean property. Owner will leaseback 1,000sf retail space at a minimum of $5,000 per month. Owner currently lives in main home in 3bed 2bath at 1,100sf (owner will move or leaseback unit) Situated on .31 acres, these four buildings have well maintained stucco exteriors, roofs, exterior/interior paint, plenty of parking spaces in rear, and a garden area in the back along with two large storage sheds. All interiors have been maintained and renovated over the course of ownership. Main 1,100sf home is updated with stainless steel appliances, granite throughout, hardwood floors, walk-in shower, and jacuzzi spa bathtub upstairs. Options for a live/work arrangement, or an owner operator, could also just simply make this a 6th rental seeking $1,600 plus per month. Additionally a 7th apartment can be converted above this home for a total of 8-units as it already has the necessary mechanicals and separate entrance in place. All information provided is deemed reliable, but is not guaranteed and should be independently verified by buyer.

Price History
8/5/2020 Listed $1,900,000

General Features

Architectural Style LowRise
Attached Garage No
Building Features OnSiteManagement
Building Name The Chroninc Boutique
Carport Spaces 0.0
Carport Y/N No
Community Features StorageFacilities
Current Use Commercial
Electric Item110Volts, Item220Volts
Garage Spaces 15.0
Garage Y/N Yes
Parking Features Concrete
Property SubType Retail
Property Type CommercialSale
Roof Composition
Security Features SecuritySystem, FireAlarm
Sewer PublicSewer
Special Listing Conditions None
Total Units 7
Zoning C5 HS

Exterior Features

Building Area Total 4037.0
Covered Spaces 0.0
Lot Features CornerLot, NearPublicTransit
Lot Size Acres 0.31
Lot Size Square Feet 13662.0
Road Frontage Type PublicRoad
Road Surface Type Paved
Total Parking 15.0
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 80904

Price
AVG $780K
$1.9M
Taxes
AVG $4,192
$5,778
Visits
AVG 37
14
Year Built
AVG 1935
1942
Walkscore
AVG 63
50
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.