128 S. Tejon Street offers a rare opportunity to acquire one of Downtown Colorado Springs’ most distinctive historic commercial properties. Originally developed as the Alamo Hotel in 1886 and listed on the National Register of Historic Places, the building’s brick façade, arched windows and architectural character create an identity that cannot be replicated through new construction.
Currently 54% leased, the property combines in-place income with meaningful upside through future lease-up and repositioning. Nearly half of the building remains available, providing a clear opportunity to increase occupancy, grow NOI and attract office, service, creative and other commercial users seeking a unique downtown environment.
The property is also home to MacKenzie’s Chop House, a longstanding Downtown Colorado Springs dining destination located within the building since 1997. Its established presence adds recognition, activity and identity to the asset.
Positioned directly along the Tejon Street corridor, 128 S. Tejon Street places tenants within walking distance of restaurants, hotels, entertainment, government offices and other downtown amenities, with convenient access to parking, major thoroughfares and Interstate 25.
With historic character, existing cash flow and substantial value-add potential, the Historic Alamo Building presents an opportunity to acquire a recognizable piece of Colorado Springs history while positioning the asset for its next chapter of growth.
