625 Paonia Street, Colorado Springs, CO

About 625 Paonia Street

Highly-accessible industrial building in Opportunity Zone of unincorporated El Paso County. Presently a single occupant in space designed for 1-4 tenants with 1 to 3 bathrooms each (Total of 7 separate rooms). No internal load-bearing walls or columns necessary. Max ceiling height = 18 ft. 1200 watt and 208/120 volt 3-phase power = Perfect for trades. Available options for outdoor storage or Build-to-Suit expansion. 10,500 s.f. building on a 1-acre lot located in Cimmaron Hills, a county tax-based industrial park. An adjacent 1-acre parcel is available as a separate or inclusive purchase. The site is zoned 1-2 CAD-O (light industrial and manufacturing). There are two (2) drive-in doors sized 12 x 14 feet. The property has ample off-street parking with 30 spaces on the South side plus another 20 on pavement to the North. This southeast Colorado Springs property is situated two (2) blocks from the freeway exchange of Highways 21 and 24 with only 7 miles to Colorado Springs Airport and 7.2 miles to the train depot. The drive time to Interstate 25 averages about 15 minutes over 6.5 miles. The U.S. Post Office is less than 2 blocks away on Paonia Street. Public transportation includes Route 24 on Galley Road with a stop less than 4 blocks away. Tax Incentives in Opportunity Zone: 1) Tax-free appreciation; 2) No up-front tax bill; 3) Defer original tax bill; and 4) Reduction of tax for long-term holding.

Listing Map