1785 N Academy Blvd
Colorado Springs, CO 80909 Knob Hill

• Unit Size: 11,450 SF
• Condo Use: Office
• Price: $1,400,000 USD
• Sale Type: Investment
• Price/SF: $122.27 USD

Sale Notes

Positioned at the high-traffic intersection of N. Academy Boulevard and Constitution Avenue, this urban loft-style office property offers a rare investment opportunity in the heart of Colorado Springs. Priced at $1,400,000 with a strong 9.0% cap rate, the asset combines modern design with long-term stability, featuring a tenant secured for 3.5 years in the initial term. Recent capital improvements totaling $1 million include a new EPDM roof, upgraded mechanical RTU systems, enhanced electrical service, and contemporary finishes throughout. The interior boasts 12-foot exposed concrete beam ceilings and an open, creative layout that appeals to today’s professional and artistic users.
The property benefits from exceptional visibility and accessibility, with traffic counts exceeding 47,000 vehicles daily along N. Academy Boulevard. Located within a vibrant mixed-use corridor, the site is surrounded by new developments, retail destinations, and residential neighborhoods, ensuring sustained demand and growth potential. Demographics underscore the strength of the location, with over 292,000 residents within a five-mile radius and average household incomes surpassing $81,000.
This offering is ideal for investors seeking a turnkey asset in a dynamic market. With modern infrastructure, strategic positioning, and a proven income stream, the property delivers both immediate returns and long-term upside in one of Colorado’s most active commercial hubs.