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1824 W Colorado Ave

3,274 SF Office Building Colorado Springs, CO 80904 £625,960 (£191/SF)

Investment Highlights

  • 17,000 VTD

Executive Summary

Great opportunity for an owner user in this one of a kind restored Victorian residence with MX-M zoning, allowing a variety of uses. Constructed in 1888 with an ADU added in 1998, this property offers ultimate flexibility for retail, office, residential, live/work, or multifamily use and has been renovated to blend modern conveniences with historic charm. Fresh paint, refinished original hardwood floors, new kitchen/break room (2024) with brand new stainless steel appliances and leathered granite countertops, detailed trim work, updated bathrooms, new sewer line (2023), newer boiler (2020), roof (2017), and foundation improvements (2024) bring this property into the 21st century without sacrificing its Victorian allure. 
The main building, which could be divided into two separate units with separate entrances,  features 4 bedrooms/offices, 2.5 bathrooms, a formal dining room, ample storage, an original leaded glass pantry, a receiving room with new floors (2024) & window treatments, and an upstairs studio space with sink and refrigerator (not included in office count). The flexible layout is suitable for commercial, income generating or live/work arrangements. Laundry hookups are available both upstairs and downstairs, with a stackable washer/dryer included. The downstairs back bedroom also offers separate access, ideal for an office setup. The professionally designed outdoor living space offers a low maintenance cottage garden featuring a courtyard fountain, mature roses, peonies, and a stately shade tree.The cottage is currently leased through May 2025 and includes 1 bedroom + loft, 1.5 bathrooms, its own laundry and kitchen facilities, and central heating and air conditioning. The cottage offers potential for office, owner occupied short term rental, multi-generational living, or conversion into a 1-car garage with an attached office or loft. This property’s historic charm, modern updates, and versatility make it a rare find. Whether as a retail space, homey office, stately residence, rental property, or a combination, this classic Victorian gem offers endless possibilities.

Taxes & Operating Expenses (Actual - 2023) Click Here to Access

Annual Annual Per SF
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99

Taxes & Operating Expenses (Actual - 2023) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,274 SF
Building Class
B
Year Built
1888
Price
£625,960
Price Per SF
£191
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
1,610 SF
Building FAR
0.44
Lot Size
0.17 AC
Zoning
MX-M - MX-M zoning permits a mix of residential and commercial uses.
Parking
4 Spaces (1.24 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Bus Route
  • Storage Space
Walk Score ®
Very Walkable (78)
Bike Score ®
Very Bikeable (84)
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.®
  • Listing ID: 32621232

  • Date on Market: 29/07/2024

  • Last Updated:

  • Address: 1824 W Colorado Ave, Colorado Springs, CO 80904

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