Residential Development Lot with R-2
For Sale
$569,743
2515 Palmer Park Boulevard, Colorado Springs, CO 80909
Large rectangular lot zoned R-2, suitable for duplex development subject to City Planning approval for lot splits.
Property SizeContact for details
Lot Size0.97 Acres
Days on Market68
Property Features for 2515 Palmer Park Boulevard
General Information
Standard status
Active
Lot size
0.97 Acres
Property subtype
Land or Vacant Lot
Zoning
R-2
Taxes and HOA fees
Annual Taxes
$1,716
Amenities
Level
Listing Agency:
PROPERTY MILL REAL ESTATE GROUP
(719) 591-6200
Listed By:
HANS ROSIELLE CMLXV CRS GRI
Source:
Corcoran
Added: Jun 16
Changed: Aug 8
Last Checked: Aug 8 at 7:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PROPERTY MILL REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
The property is a large, rectangular residential lot measuring approximately 165 by 255. The home that previously existed on the site has been demolished and removed, leaving the parcel ready for redevelopment. The lot is currently zoned R-2, which supports residential multifamily development, including duplexes, depending on how the site is planned and approved.
The owner had been in the process of splitting the property into three separate lots. Based on the information provided, there may be an opportunity to build one or more duplexes contingent on City Planning approving the proposed lot split into three lots.
For buyers and developers, the site’s cleared status and existing R-2 zoning make it a straightforward hold for a residential project. The key variable is approval from City Planning for the proposed subdivision, which would directly affect the number and configuration of duplexes that could be constructed on the split lots.
The owner had been in the process of splitting the property into three separate lots. Based on the information provided, there may be an opportunity to build one or more duplexes contingent on City Planning approving the proposed lot split into three lots.
For buyers and developers, the site’s cleared status and existing R-2 zoning make it a straightforward hold for a residential project. The key variable is approval from City Planning for the proposed subdivision, which would directly affect the number and configuration of duplexes that could be constructed on the split lots.
Key Highlights
- Large rectangular lot approximately 165 x 255
- Currently zoned R‑2
- Home previously on the lot has been demolished and removed
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
931
Businesses Nearby
Explore this area
Business Placement
Demographics for 80909, CO
37,302
Population
16,572
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,722
Density / Sq Mi
$61,777
Median Household Income
$36,894
Median Earnings
$1,227
Median Rent
$352,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Large rectangular lot zoned R-2, suitable for duplex development subject to City Planning approval for lot splits.
Where is this residential land & home lot located?
The property is located at 2515 Palmer Park Boulevard Colorado Springs, CO.
What is the asking price?
The asking price for this property is $569,743.
What are key features of this property?
This property features: Large rectangular lot approximately 165 x 255; Currently zoned R‑2; Home previously on the lot has been demolished and removed
