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Commercial Land with Water Rights
For Sale
$4,999,999

10985 E Highway 24, Peyton, CO 80831

Land, Peyton, CO

Property SizeContact for details
Lot Size35.00 Acres
Days on Market64

Property Features for 10985 E Highway 24

General Information

Property type Land
Property subtype Other
Lot features Improved Land, 360-degree View, Level, Meadow, Rural, Sloping, View of Pikes Peak
Elementary school district District 49
Middle school district District 49
High school district District 49
Standard status Active
Lot size 35.00 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 930

Building Details

Additional Structures Mobile Home
Listing Agency: Colorado Lifestyle Properties
Listed By: Catherine Brown-swain RENE · License #100006047
Added: Jul 7 Changed: Sep 7 Last Checked: Sep 8 at 8:06AM
MLS# 8842606

Copyright © 2026 elevateMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 35-acre commercial land parcel is located at 10985 E Highway 24 in Peyton, Colorado. The property includes two existing wells and water rights, providing established water-related assets for the site. Potential commercial applications identified for the parcel include retail, light industrial, mixed-use development, and a master-planned community incorporating commercial areas.

The property lies between Colorado Springs and Falcon, with proximity to Powers Boulevard, Highway 24, and Falcon Town Center. The surrounding area is described as experiencing residential, retail, mixed-use, infrastructure, and service expansion. Access to both a regional airport and an international airport is also noted.

Key Highlights

  • 35‑acre commercial land parcel
  • Two existing wells on the property
  • Water rights included with the parcel

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Real Estate Agency Bakery Restaurant Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Water rights

Location Intelligence

Trade Area within ½ mile

17
Businesses Nearby

Demographics for 80831, CO

32,823
Population
11,148
Households
2.9
Avg Household Size
37
Median Age
41%
College-Educated
97%
High-School Grad
188.6 sq mi
ZIP Area
174
Density / Sq Mi
$128,900
Median Household Income
$61,421
Median Earnings
$2,388
Median Rent
$495,800
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Commercial land - Two existing wells and water rights are included with the parcel.
Where is this commercial land located?
The property is located at 10985 E Highway 24 Peyton, CO.
What is the asking price?
The asking price for this property is $4,999,999.
What are key features of this property?
This property features: 35‑acre commercial land parcel; Two existing wells on the property; Water rights included with the parcel
More about this property
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