2914 Austin Bluffs Parkway is for sale. The asking price is $875,000. This is a terrific value because there are no small office buildings like this for sale in Colorado Springs! This building is well-suited as an Owner Occupant building with tenants in place to help off-set operating costs. Approximately 25% of the building (the north side of the upper level) is easily available for the buyer for occupancy. That’s about 1,500 square feet.
After pulling the “Owner-occupied” available space from the rent-roll, the combined tenant income is approximately $4,500 per month. And when you add depreciation (NO-COST TAX-SAVINGS which is extra after-tax income at the government’s expense) of approximately $18,000 per year, this is an exceptional option for someone looking for office for their business or practice.
The building, originally constructed in 1980, is a walk-out of 5,985 square feet on 24,335 square feet zoned OC CU. There are no substantial maintenance issues anticipated. Annual property taxes are $8,389.68 and annual insurance costs are $3,660.
For a private showing and all the confidential financial details, call Tim Leigh: 719-337-9551 or Holly Trinidad: 719-337-0999.