625 Paonia Street, Colorado Springs, CO, 80915

Highly-accessible industrial building in Opportunity Zone of unincorporated El Paso County. Options for Expansion, 2-4 Separate heat and metered units, Dry and Refrigerated/Cold Storage, and/or Adjacent Build-to-Suit property. 1200 watt and 208/120 volt 3-phase power. Three (3) sets of bathrooms (7 separate rooms total) offer suitability for multiple tenants.

Current 10,500 s.f. building on a 1-acre lot with an equivalent adjacent and optional parcel is located in Cimmaron Hills, a county tax-based industrial park. The site is zoned 1-2 CAD-O (light industrial and manufacturing) and the building was designed for brewing, cold storage, and canning of World Gold & Silver Medal (awarded) craft beers. The present brewing capacity is 1440 barrels with bar service and a retail supply store component. FF&E is available onsite to raise total capacity to 2640 barrels (31 gallons/barrel). There are two (2) drive-in doors sized 12 x 14 feet.

This southeast Colorado Springs property is situated two (2) blocks from the freeway exchange of Highways 21 and 24 with only 7 miles to Colorado Springs Airport and 7.2 miles to the train depot. The drive time to Interstate 25 averages about 15 minutes over 6.5 miles. The U.S. Post Office is less than 2 blocks away on Paonia Street. Public transportation includes Route 24 on Galley Road with a stop less than 4 blocks away. The property has ample room for parking on 3 sides with 30 spaces currently on the south side plus another 20 on pavement to the north, presently occupied by 3 full-sized shipping containers.

Tax Incentives in Opportunity Zone: 1) No up-front tax bill; 2) Defer original tax bill; 3) Reduction of tax for long-term holding; and 4) Tax-free appreciation.