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Commercial Land with Shop
For Sale
$199,000

1390 K Street, Penrose, CO 81240

Land, Penrose, CO

Property SizeContact for details
Lot Size2.72 Acres
Days on Market36

Property Features for 1390 K Street

General Information

Property type Land
Property subtype Other
Lot features 360-degree View, Corner, Mountain View, Improved Land
Standard status Active
Lot size 2.72 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 2570
Listing Agency: Properties Of Colorado Inc
Listed By: Sandy L. Smith · License #100075952
Added: Aug 18 Changed: Sep 16 Last Checked: Sep 22 at 3:06PM
MLS# 1450117

Copyright © 2026 Royal Gorge Association of REALTORS®. 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 2.72-acre commercial land parcel at 1390 K Street includes a substantial shop. The building is suited to storage, hobbies, or business operations, while the acreage provides additional outdoor space around the improvement.

The property occupies the corner of Highway 50 and is 1 mile from Highway 115, with access to Colorado Springs, Pueblo, and Canon City. Electric service, a paid water tap, and a completed perk test are included.

Key Highlights

  • 2.72‑acre commercial land parcel
  • Substantial shop included for storage, hobbies, or business operations
  • Located on the corner of Highway 50

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Florist Gym & Fitness Center Car Rental Facility

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

Location Intelligence

Trade Area within ½ mile

7
Businesses Nearby

Demographics for 81240, CO

4,366
Population
1,857
Households
2.4
Avg Household Size
50
Median Age
29%
College-Educated
96%
High-School Grad
138.7 sq mi
ZIP Area
31
Density / Sq Mi
$79,514
Median Household Income
$51,364
Median Earnings
$1,364
Median Rent
$282,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Corner property includes a substantial shop for storage, hobbies, or business operations.
Where is this commercial land located?
The property is located at 1390 K Street Penrose, CO.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 2.72‑acre commercial land parcel; Substantial shop included for storage, hobbies, or business operations; Located on the corner of Highway 50
More about this property
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