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Old Colorado Square 2616 W Colorado Ave 16,413 SF 95% Leased Retail Building Colorado Springs, CO 80904 $4,420,745 CAD ($269.34 CAD/SF) 7.22% Cap Rate
Investment Highlights
- Long term ownership
- High tourism foot traffic
- In the heart of a historic walkable neighborhood
- 100% Leased
Executive Summary
Welcome to Old Colorado Square, a well-located retail center in the heart of Old Colorado City—one
of Colorado Springs’ most historic and walkable neighborhoods. Owned by the same party since 1994,
the property benefits from long-term, consistent ownership. The surrounding district is known for its
local shops, restaurants, and steady year-round foot traffic from both residents and visitors.
of Colorado Springs’ most historic and walkable neighborhoods. Owned by the same party since 1994,
the property benefits from long-term, consistent ownership. The surrounding district is known for its
local shops, restaurants, and steady year-round foot traffic from both residents and visitors.
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
16,413 SF
Building Class
B
Year Built
1982
Price
$4,420,745 CAD
Price Per SF
$269.34 CAD
Cap Rate
7.22%
NOI
$319,262 CAD
Percent Leased
95%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.55
Lot Size
0.69 AC
Zoning
MX-L - Medium Commercial
Parking
43 Spaces (2.62 Spaces per 1,000 SF Leased)
Frontage
235’ on W Colorado Ave
Amenities
- Restaurant
- Signage
- Storage Space
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 6
- 813 SF
- Office/Medical
- -
- Sep 2026
| Space | Size | Space Use | Position | Available |
| 6 | 813 SF | Office/Medical | - | Sep 2026 |
6
| Size |
| 813 SF |
| Space Use |
| Office/Medical |
| Position |
| - |
| Available |
| Sep 2026 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 74112-26-068 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $692,987 CAD |
Property Taxes
Parcel Number
74112-26-068
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$692,987 CAD
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Old Colorado Square | 2616 W Colorado Ave
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