Property in Unknown, XX - other in Colorado Springs, CO
Other

Property in Unknown, XX

The Carter Payne, Colorado Springs, CO 80903

Price

$1,795,000

Price/Sq Ft

$1.00

Description

Downtown Church Converted to Event and Brewery Space - Discover the Legacy Historic Character & Timeless Atmosphere An exceptional opportunity awaits to acquire a piece of Colorado Springs history and a thriving commercial establishment at 320 S Weber St, widely recognized as The Carter Payne. This distinguished property, originally built in 1897 as the Payne Chapel AME Church, holds significant historical value as the first African American church in Colorado Springs. It has since been reimagined as a vibrant community hub, hosting a diverse array of businesses and events. Currently, The Carter Payne is home to Local Relic, a renowned artisan brewery known for its ever-rotating selection of over 200 unique beers brewed annually. Local Relic operates a popular tasting room within the chapel, offering a dynamic draft list and an extensive bottle selection, alongside a food menu featuring upscale Colorado cuisine from Immerse Cuisine. The Carter Payne also houses other complementary businesses, including a cocktail bar (Araucana) and a wine bar (Crusade), creating a synergistic environment for patrons seeking diverse culinary and beverage experiences. The venue frequently hosts a variety of public and private events, from beer and wine tastings to community dinners and brunches, further cementing its role as a local gathering place.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

The Carter Payne, Colorado Springs, CO 80903

Marker
Leaflet © OpenStreetMap contributors

Market Context

This other in Colorado Springs, CO is listed for sale at $1,795,000. It has been on the market for 147 days.

Compare it against other other listings for sale in Colorado Springs, CO to benchmark pricing and space — view the full market.

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.

Financing Assumptions

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Market Employment Trend

YoY Growth:-0.2%
Avg Weekly Wage:$1,716

December 2025 • Source: BLS QCEW

Economic Indicators

30-Yr Mortgage:6.47%
CPI Inflation (YoY):4.2%

Source: FRED

Market Demographics

Census ACS 2024
Population742,999
Median Income$90k↑ 21%
College Educated38.1%↑ 4.7pp
Median Age35.1 yrs
Median Home Value$461k
Unemployment5.4%↑ 1.8pp

2024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau

Assumptions
  • Interest rate: 6.47% (FRED live)
  • Loan term: 25 years
  • Down payment: 25.0%
  • Market comparison: other in Colorado Springs, CO

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