3501 W Colorado Avenue, Colorado Springs, CO, 80904
  • $749,000

Overview

Property ID: HZ1503415
  • CommercialSale, MultiFamily
  • Property Type
  • 19393 Sq Ft
  • Area Size
  • 1946
  • Year Built

Description

The Hansen Apartment Group is pleased to present the Ridgeview Motel development opportunity. Located at 3501 W Colorado Ave, Colorado Springs, CO, it presents an incredible development opportunity for the right investors. Ridgeview Motel is located on the desirable west-side of Colorado Springs, near Manitou Springs and the Garden of The Gods. Investors will be able to determine the best use for the property, given their strategy. The property is currently a vacant motel that consists of ten (10) units (nine hotel units and a single-family home). The property is zoned as C5, which allows an investor to either keep the current structures for remodel or demolish to suit their needs. The interiors of the property have been demoed with some plumbing already roughed into the units.

Full Offering Memorandum is in Attached Documents.

  • Address: 3501 W Colorado Avenue
  • City: Colorado Springs
  • State/county: El Paso
  • Zip/Postal Code: 80904

Details

Updated on April 25, 2023 at 1:34 pm
  • Property ID HZ1503415
  • Price $749,000
  • Property Size 19393 Sq Ft
  • Year Built 1946
  • Property Type CommercialSale, MultiFamily
  • Property Status Active

Additional details

  • PropertySubType MultiFamily
  • Tax Year 2022
  • LotSize SquareFeet 19393
  • LotSizeArea 0.45
  • LotSizeUnits Acres

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