1605-1619 Lashelle Way

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.