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Mixed Use Zoning Retail & Multi-Family 3 Properties Offered at $1,369,710 CAD in Colorado Springs, CO
Investment Highlights
- Mixed-use zoning supports retail and multi-family development
- Includes restaurant, retail, and apartment buildings
- Vacant land ideal for expansion or parking
- Corner lot with dual frontage on Platte Avenue and Iowa
- Month-to-month tenants offer repositioning flexibility
- Strong value-add potential through renovations
Executive Summary
Located on a prominent corner in central Colorado Springs, 2100 E Platte Avenue offers a compelling blend of existing income-producing structures and future development potential. This 0.54-acre parcel is zoned for mixed-use, allowing for both retail and multi-family applications. The site currently includes multiple buildings: a 2,155 SF restaurant (Vultures Bar & Restaurant), a 2,225 SF retail building facing Platte Avenue, and the Bates Court Apartments, which comprise six cottages (nine total units), a three-unit apartment building, and a flexible-use office/apartment unit.
With month-to-month tenants in place, the property offers immediate income and flexibility for repositioning. Investors and developers will appreciate the strong value-add potential through renovations and lease optimization, as well as the opportunity to redevelop or expand on the vacant land portion for additional units or parking. The corner exposure on Platte and Iowa enhances visibility and access, while the surrounding area benefits from proximity to Memorial Park, retail corridors, and major thoroughfares.
This is a rare chance to acquire a well-located, versatile property in a growing urban corridor with strong redevelopment upside and flexible tenancy.
With month-to-month tenants in place, the property offers immediate income and flexibility for repositioning. Investors and developers will appreciate the strong value-add potential through renovations and lease optimization, as well as the opportunity to redevelop or expand on the vacant land portion for additional units or parking. The corner exposure on Platte and Iowa enhances visibility and access, while the surrounding area benefits from proximity to Memorial Park, retail corridors, and major thoroughfares.
This is a rare chance to acquire a well-located, versatile property in a growing urban corridor with strong redevelopment upside and flexible tenancy.
Property Facts
| Price | $1,369,710 CAD | Number of Properties | 3 |
| Price / SF | $164.91 CAD / SF | Individually For Sale | 0 |
| Sale Condition | Redevelopment Project | Total Building Size | 8,306 SF |
| Sale Type | Investment | Total Land Area | 0.66 AC |
| Status | Active |
| Price | $1,369,710 CAD |
| Price / SF | $164.91 CAD / SF |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 8,306 SF |
| Total Land Area | 0.66 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Bates Court Cottages
2102 E Platte Ave, Colorado Springs, CO 80909 |
Multifamily | 4,151 SF | 1941 | - |
|
Vulture's Venue
2100 E Platte Ave, Colorado Springs, CO 80909 |
Retail | 2,155 SF | 1941 | - |
| 2104 E Platte Ave, Colorado Springs, CO 80909 | Retail | 2,000 SF | 1937 | - |
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Mixed Use Zoning Retail & Multi-Family
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