17-21 N Circle Dr
Colorado Springs, CO 80909
Volume Springs Center · Retail Property For Sale

This investment opportunity features a 5,920-square-foot retail strip center situated on a 21,257-square-foot lot in a strong retail location. The property is currently occupied by three tenants generating a combined annual rental income of $82,560 ($6,880 per month). Operating expenses, including taxes, insurance, utilities, maintenance, and professional management, total approximately $47,035 annually, resulting in a net operating income (NOI) of $35,525. The property has been well maintained and offers stable in-place income with future upside potential. Offered at $850,000, the asking price equates to just $143.58 per square foot—significantly below the estimated replacement cost of approximately $250 per square foot. The property is zoned MX-M-CU, allowing for a variety of commercial uses, with retail as the primary permitted use, providing flexibility for investors and owner-users alike.