• Year Built: 2004
1020 E Fillmore St is aspecial purpose property for lease in Colorado Springs, CO.
Here is an opportunity to buy an investment property of which has a recently executed 10 year lease with a nearly 16 year old family services company, Cappadona Funeral Home. At $995,000.00 the investment produces a 10.40% capitalization rate. Extensively remodeled in 2004, there is a chapel that seats 120, offices, lab, cooler, products showroom, conference room, inside parking for vehicles and reception lounge. This site is approved for a crematorium, and there is one on site at this time. This property is made up of two adjacent parcels. The parcel that is at the corner of Fillmore Street and Virginia Avenue has a 7,957 square foot building with a mezzanine office and the parcel behind it is a paved parking lot. The 2012 traffic counts going east and west bound on Fillmore St. and Union Blvd. are 38,686 cars per day.