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Cascade Station Building 620 S Cascade Ave 14,078 SF 60% Leased Office Building Colorado Springs, CO 80903 $4,187,760 CAD ($297.47 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Fantastic Owner-User or Adaptive Reuse Opportunity
  • Fenced Parking Lot with 25 Spaces + Abundant Street Parking. Rare for Downtown.
  • Priced at Less than 50% of Replacement Cost - High Quality Construction
  • Modern and Architecturally Significant, Designed by John P. Nelson
  • Surrounded by New Mixed-Use, Residential, and Entertainment Developments

EXECUTIVE SUMMARY

SVN is pleased to present Cascade Station, a unique office property with real flexibility for owner-users or investors seeking an adaptive reuse project. Two of the best suites in the building are coming available - perfect for a user who can benefit from the income from the existing tenants. Designed by John P. Nelson in the 1980s to resemble a 19th-century train depot, the building stands out with its historic character, featuring reclaimed sections from the old Manitou Springs train depot.
Cascade Station sits in the heart of downtown Colorado Springs. The preferred Cascade Avenue address offers easy access to I-25, major city thoroughfares, and a growing base of amenities. Just 1 block from Weidner Field Stadium and 4 blocks from the El Paso County Courthouse, the property has easy access to the rapidly expanding downtown district and is surrounded by a mix of restaurants, retail, and numerous new multi-family developments. Cascade Station is just minutes from the city’s vibrant core, Colorado College, and local parks. With strong drive-by traffic and a walkable location, this address offers both convenience and high exposure for businesses and tenants alike.
Cascade Station is within the Pikes Peak Enterprise Zone, making for-profit businesses operating here eligible for Colorado state income tax credits. These incentives apply to a range of activities, including equipment purchases, employee hiring and training, research and development, and more.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
14,078 SF
Building Class
B
Year Built
1984
Price
$4,187,760 CAD
Price Per SF
$297.47 CAD
Percent Leased
60%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
3,520 SF
Building FAR
0.79
Lot Size
0.41 AC
Opportunity Zone
Yes
Zoning
OR, Colorado Springs - Commercial Office/Residential
Parking
25 Spaces (1.78 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
64183-25-022
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$914,560 CAD
  • Listing ID: 37460857

  • Date on Market: 2025-08-28

  • Last Updated:

  • Address: 620 S Cascade Ave, Colorado Springs, CO 80903

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