Description

We are offering a 7,680 square foot freestanding retail building at 2339 East Platte Place in Colorado Springs, Colorado, for $1,400,000. The building sits on 0.43 acres in the Knob Hill submarket, just off East Platte Avenue, one of the main east-west corridors through the city.

The building was constructed in 1949 and has on-site parking, pylon signage and frontage along East Platte Place. An approximately 5,120 square foot basement adds meaningful extra space for storage or other uses. The property is currently owner-occupied as a pawn shop, and the seller would like a short-term occupancy after closing.

The site is zoned MX-L (Mixed-Use Large Scale), the city's highest-intensity mixed-use district. It allows a wide range of commercial, residential and mixed uses without a rezone, so a buyer can occupy the building as-is, bring in a new use or plan a larger redevelopment. Owner-user financing options, including SBA programs, are summarized in the offering memorandum.

The property is centrally located with convenient access to Academy Boulevard and Interstate 25, surrounded by an established mix of retail, office, automotive and service businesses. Contact Ellie Stanton or Andy Monette of Pinnacle Real Estate Advisors for the offering memorandum and to schedule a tour.