311 University Drive Colorado Springs, CO $ 800,000
311 University Drive
$ 800,000
Recently Listed New Construction
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311 University Drive

Colorado Springs, CO, 80910
$ 800,000
Bedrooms-- Baths--

Monthly Estimate*

$ 5,525

Listed by Cushman & Wakefield
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Commercial Property for sale in Colorado Springs, CO

for $800,000. This building was built in 1965.

Cushman & Wakefield is pleased to present 311 University Drive, a five-unit, 4,508 SF multifamily property in southeast Colorado Springs. The property is 100% occupied with leases running through 2027, and base rent is $6,385 per month. The unit mix is larger than typical for a five-unit asset: four 2-bedroom units and one 3-bedroom, for 11 bedrooms and 9 bathrooms. Ownership has invested more than $158,000 in capital improvements since 2024, roughly 20% of the asking price. Work includes a new Class 4 impact-resistant roof, a new metal and concrete staircase, multiple furnace replacements, xeriscape landscaping, new fencing, and more than $100,000 of interior renovations. The renovations added LVP flooring, updated paint, and new vanities, lighting and plumbing fixtures. The property is in southeast Colorado Springs, near Peak Innovation Park, a 1,600-acre master-planned business park at the entrance to the Colorado Springs Airport. The park already counts Amazon, Frito-Lay, Northrop Grumman and The Aerospace Corporation among its tenants. Growth is continuing, with a 620,000-square-foot Swire Coca-Cola plant announced and 252,890 square feet of new Class A industrial space under construction. Its manageable unit count and existing building footprint may appeal to investors seeking a smaller multifamily property with potential for operational improvements, rental income growth, and long-term appreciation.

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Commercial Active

Price

$ 800,000

Property Type

Commercial

Taxes

$ 2,446

Style

Multi Family

Year Built

1965

Town/City

Colorado Springs

County/Region

El Paso

MLS | Web ID

2218636

Features
General
Sewer Public Sewer
Zoning R-5 AO
Garage Spaces 0
Year Built 1965
Property Subtype Multi Family
Current Use Multi-Family
Parcel Number 64154-01-032
County El Paso
Property Type Commercial Sale
HOA N
Attached Garage N
City Colorado Springs
Senior Community Y/N N
Number Of Units Total 5
Carport Spaces 0
Property Attached Y/N N
Tax Annual Amount 2446
Standard Status Active
Freehold IDX
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* Excluded Features
List By
Cushman & Wakefield

Broker

lee.wagner@cushwake.com,417-459-2155

Contact

Affordability Calculator

$5,729
Per Month
96%
4%
0%
Monthly Principal & Interest
$5,525
Monthly Property Taxes
$204
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/26/2026$800,000 Listed Price

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311 University Drive, Colorado Springs, CO, 80910 is a Commercial Property for sale at $800,000. 311 University Drive was built in 1965. The property's zip code is 80910 which is in Colorado Springs, CO