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3320 W Colorado Ave

Colorado Springs, CO
Total Size
9,913 sqft
Zoning
LODGING C-5
Year Constructed
0
Year Renovated
0
Building Class

About 3320 W Colorado Ave

This property is one of six contiguous lots that make up a total of 43,583 sq ft. All properties are to be sold together as a bulk purchase or Seller may sell in two separate 22,000 sq ft parcels. Current use is Boutique Hotel with 7 Family Suites and 7 Guest Rooms. Excellent reputation and location as this property is located dead center (1mile) to the Historic Old Colorado City, Historic Manitou Springs, Garden of the Gods and Red Rock Canyon Park. 2 Million tourists annually visit the natural and man made attractions - all approx 1 mile from this site. All buildings and structures have new roofs and are in good condition and substantially renovated for existing use as a Boutique Hotel. Exiting use provides for substantial increase in Gross Revenue over the next few years. NOI in excess of 210k depending on use of Family Suites (Family Suites Gross Income is approximately 24k each – annually). Gross Revenue increases 12-15% annually. Plenty of Parking and Garden areas for Guests. The other address associated with this listing are as follows: 3306, 3310, 3314, W. Colorado Ave. and 25th and 29th S. 34th St.

http://hotelsanayre.com http://westsideavenueplan.com/index.html - Area description: PPRTA will re-develop West Colorado Ave. between 31st and Manitou in 2015. The road project will bury utilities, create new landscaping, new sidewalks, on street parking, bike ways, ornamental lighting, and connect the Midland Trail which runs from Historic Manitou Springs to downtown Colorado Springs. The project will not substantially impact the parcels. Current Traffic counts are 18,000+ weekdays and higher Friday through Sunday. Traffic counts are projected to increase after road project is completed. The parcels are surrounded by utilities and infrastructure for redevelopment purposes. The area is prime for re-development. - Number of units: 14

Internet Providers for 3320 W Colorado Ave

Provider Technology Max Download Speed Max Upload Speed
Comcast Cable
1 Gb/s
25 Mb/s
CenturyLink DSL
50 Mb/s
25 Mb/s
Integra Telecom DSL
25 Mb/s
3 Mb/s
MegaPath Corporation Copper Wireline
6 Mb/s
6 Mb/s
Microtech-tel Copper Wireline
3 Mb/s
3 Mb/s

The City: Colorado Springs

On average, listings lease in the $10's per square foot per year. The Colorado Springs region is seeing a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 5% increase in rent.

Median Rate Median Size
Colorado Springs $18
/sqft/yr
1,570
sqft

Median Rate over Time in Colorado Springs