2405 East Pikes Peak Avenue, Colorado Springs, CO 80909 - retail-commercial property

Detailed information about retail-commercial property which situated in Colorado Springs (80909) city, Colorado state on 2405 East Pikes Peak Avenue.

Additional Information: Maggie Mae’s Restaurant is for sale. The price is firm - $499,000, which is the current appraised value for the real estate only (with no value added for the operating business). This is a 5,501 square foot, currently operating, profitable restaurant on a 30,498 square foot lot. It’s located in the heart of Colorado Springs, adjacent to Memorial Hospital, the USOC Training Center, Memorial Park, and is mere moments from Downtown. The sale includes the building and most of the FF&E. (The Seller reserves the right to remove certain fixtures at closing.) The restaurant seats nearly 200 and includes a bar (transferable liquor license) and banquet room. [There is a condo option – you could buy the existing bar and banquet room (approximately 1,400 square feet for $150,000 which could continue operations or be converted to other use.] OR BUY THE 1,340 SQ. FT. CONDO OPTION: $100 PER SQUARE FOOT! This is a great opportunity for the right buyer to step-into a business location for immediate profit. The property is zoned PBC. Taxes run about $10,000 and your insurance costs would be determined by your final use.