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1785 N Academy Blvd 11,450 SF Office Condo Unit Offered at $1,929,662 CAD in Colorado Springs, CO 80909
PROPERTY FACTS
| Total Building Size | 24,328 SF | Typical Floor Size | 24,328 SF |
| Property Type | Office (Condo) | Year Built | 1973 |
| Building Class | B | Lot Size | 1.89 AC |
| Floors | 1 | Parking Ratio | 2.71/1,000 SF |
| Zoning | MX-M - Mixed Use | ||
| Total Building Size | 24,328 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 24,328 SF |
| Year Built | 1973 |
| Lot Size | 1.89 AC |
| Parking Ratio | 2.71/1,000 SF |
| Zoning | MX-M - Mixed Use |
1 UNIT AVAILABLE
Unit 1
| Unit Size | 11,450 SF | Sale Type | Investment |
| Price | $1,929,662 CAD | Cap Rate | 9.00% |
| Price Per SF | $168.53 CAD | NOI | $173,669.58 CAD |
| Condo Use | Office |
| Unit Size | 11,450 SF |
| Price | $1,929,662 CAD |
| Price Per SF | $168.53 CAD |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 9.00% |
| NOI | $173,669.58 CAD |
SALE NOTES
Positioned at the high-traffic intersection of N. Academy Boulevard and Constitution Avenue, this urban loft-style office property offers a rare investment opportunity in the heart of Colorado Springs. Priced at $1,400,000 with a strong 9.0% cap rate, the asset combines modern design with long-term stability, featuring a tenant secured for 3.5 years in the initial term. Recent capital improvements totaling $1 million include a new EPDM roof, upgraded mechanical RTU systems, enhanced electrical service, and contemporary finishes throughout. The interior boasts 12-foot exposed concrete beam ceilings and an open, creative layout that appeals to today’s professional and artistic users.
The property benefits from exceptional visibility and accessibility, with traffic counts exceeding 47,000 vehicles daily along N. Academy Boulevard. Located within a vibrant mixed-use corridor, the site is surrounded by new developments, retail destinations, and residential neighborhoods, ensuring sustained demand and growth potential. Demographics underscore the strength of the location, with over 292,000 residents within a five-mile radius and average household incomes surpassing $81,000.
This offering is ideal for investors seeking a turnkey asset in a dynamic market. With modern infrastructure, strategic positioning, and a proven income stream, the property delivers both immediate returns and long-term upside in one of Colorado’s most active commercial hubs.
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1785 N Academy Blvd
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