102 S Weber St, Colorado Springs, CO 80903

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Building Details:

Located in the Central Business District (CBD) at the southwest corner of South Weber Street and Colorado Avenue, this 9,257 square foot fully-leased investment property is offered for sale. Currently leased by El Paso County as a single tenant with a renewed five-year lease, the building yields a 7 percent CAP rate on current lease income.

Originally constructed as a church in 1924, the building underwent an office conversion in the 1980's. The building is located on a strategic downtown intersection and designed to accommodate a single office tenant, as it is presently used, or multiple tenants. The interior office finish is in good condition. The highest and best use of the property is office, and the FB high-rise zoning of the property could provide redevelopment, expansion, or assemblage opportunities in the future.