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Value Add Retail Property for Sale
Great Location Next to Fort Carson Former 7-11 Site Visibility from Academy Boulevard |
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| General
Information
B Street Shopette 1605-1619 Lashelle Way Colorado Springs, CO 80906 click here for map Building Type: Retail YOC: 1982 County: El Paso Zoning: Retail Land SF: 43995 Taxes: $17,187.77 Sale Information Total SF: 13295 Available SF: 7228 Sale Price: $1,000,000 |
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| Property Description
Strategically positioned just minutes from the gates of Fort Carson, B Street Shoppette benefits from a high-traffic corridor serving both military personnel and the surrounding residential community. Lashelle Way connects directly to South Academy Boulevard, offering seamless access to I-25 and downtown Colorado Springs. The area is a mix of stable residential neighborhoods, military housing, and local-serving retail — ideal for convenience-oriented tenants, service providers, and fast-casual concepts. This small retail property for sale presents a compelling value-add opportunity for investors seeking upside through lease-up and long-term appreciation. With two vacancies totaling over 7,200 SF, the center is primed for repositioning or tenant expansion. The $75/SF pricing reflects a steep discount relative to market comparables, offering immediate equity potential. The property is currently undergoing environmental remediation beneath the parking lot, related to legacy underground storage tanks from a former 7-Eleven gas station. Cleanup is being professionally managed by Stantec, 7-Eleven’s environmental contractor, in coordination with the Colorado Department of Labor and Employment’s Oil and Public Safety (OPS) division. • A No Further Action Request (NFAR) was submitted with the Q3 2022 Monitoring Report and Conceptual Site Model on October 28, 2022. • OPS issued a denial letter on May 16, 2023, requesting further monitoring to confirm stable or declining dissolved-phase concentrations. • The site is in advanced stages of cleanup, with active monitoring underway. This presents a rare chance to acquire a retail shopping center for sale at a discounted price while remediation moves toward completion. Upon issuance of a No Further Action (NFA) letter, the property’s value is expected to increase significantly — making this a strategic hold for buyers with vision. |
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| Improvements
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Floors: 1 Parking: Ample Floor Plate SF: 13295 Maximum Contiguous SF: 4823 Minimum Available SF: 2405 |
Divisible: No Site Size: 43995 Present Occupant(s): 45% Water: Public Sewer: Public |
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Contact: Bryan Sperry Phone: (303) 592-1050 |
Sperry Properties Inc. |
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The following information is subject to change and/or withdrawal without notice. The information set forth herein was obtained from the owner of the property and from other sources including public records and Sperry Properties, Inc. has not verified the accuracy or completeness of such information. Sperry Properties, Inc. and its brokers will be acting as agents of the Landlord/Seller and will negotiate on behalf of and act as an advocate for the Landlord/Seller. Sperry Properties, Inc. will not be your agent without a signed agency agreement
