720-638-5412
5050 N Academy Blvd, Colorado Springs, CO for Sale
Freestanding - FOR SALE
1/7
null | Request Cap Rate

5050 N Academy Blvd
Colorado Springs, CO 80918
Garden Ranch


HIGHLIGHTS

  • Currently 70% leased, the opportunity offers immediate value-add through lease-up.
  • Potential to reduce basis by selling the separately parceled Perfect Teeth Dental - the #2 ranked location in Colorado and #5 nationwide (Placer.ai).
  • Situated at the signalized hard corner of N Academy Blvd (45,300 VPD) and N Union Blvd (30,000 VPD).
  • Academy Blvd is the primary retail corridor in Colorado Springs, featuring many prominent national retailers.
  • Positioned across from Academy Place Shopping Center (2.4M Annual Visitors) and Union Square Shopping Mall (923K Annual Visitors).
  • Colorado Springs retail market vacancy rate is near historic lows at 4.3%

OVERVIEW

Blue West Capital is pleased to present the sale of Park Place Plaza, a well-located neighborhood shopping center in the vibrant city of Colorado Springs, CO. This retail center comprises two buildings totaling 34,578 square feet, including 16 rentable retail units, a coffee kiosk, and 9 storage units. Currently, the property is 70% leased, offering qualified investors an immediate value-add opportunity. Park Place Plaza is strategically situated at the signalized intersection of N Academy Blvd (45,300 VPD) and N Union Blvd (30,000 VPD). N Academy Blvd is the primary and most sought-after retail corridor in Colorado Springs, home to many prominent national retailers. The Colorado Springs Metropolitan Statistical Area (MSA) boasts a population exceeding 760,000 people. The U.S. News & World Report recently ranked Colorado Springs as the 3rd Best Place to Live in the United States, thanks to its affordability compared to Denver, low property taxes, and high average household income. These strengths underpin a robust local economy, creating a solid foundation for addressing the community's retail needs.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Park Place Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

undefined, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

2.9 AC

LAND SF

126,324 SF

ZONING

PBC

APN/PARCEL ID

63214-07-008

ASK ABOUT THIS PROPERTY

Eric DieschBlue West Capital, LLC.More Info
720-638-5412

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Eric DieschBlue West Capital, LLC.More Info
720-638-5412

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.