307 S HANCOCK AVE # 321 COLORADO SPRINGS CO 80903

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307 S HANCOCK AVE # 321 COLORADO SPRINGS CO 80903

Colorado Springs, CO 80903
Asking Price
$1.15M
Asset Type
Retail
Class
Class B

What's Special

Located at 307 S Hancock Ave #321, this retail space is situated in a transitional urban corridor just east of downtown Colorado Springs. The property resides in a neighborhood characterized by a mix of residential dwellings, industrial zones, and small businesses. It offers convenient proximity to the Pikes Peak Greenway Trail and Shooks Run Park, providing consistent local foot traffic. Access to the property is supported by the nearby intersection of East Costilla Street, and it is located less than one mile from major thoroughfares including US-24 and Interstate 25, facilitating regional transportation connectivity. The property is suited for a variety of retail applications such as boutique shops, specialized showrooms, or service-oriented businesses. The flexible floor plan caters to independent operators or regional tenants seeking visibility near the city center. Ideal tenant profiles include fitness studios, professional services requiring a storefront presence, or niche retailers leveraging the area's growing urban density. Its position within a diverse commercial ecosystem makes it a viable location for businesses targeting both downtown commuters and established neighborhood residents seeking local amenities.

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NOI
$80,000
Cap Rate
6.96%
DSCR
1.17
Tight
Cash-on-Cash
3.40%
Monthly Payment
$5,689.573
Annual Cash Flow
$11,725.13

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