Shovel Ready Apartment
For Sale
$399,000
703 E Costilla, Colorado Springs, CO 80903
Corner lot in downtown Colorado Springs, ready for development.
Property SizeContact for details
Days on Market164
Property Features for 703 E Costilla
General Information
Standard status
Active
Property subtype
Land or Vacant Lot
Site & Location
Neighborhood
Hillside
Taxes and HOA fees
Annual Taxes
$3,155
Amenities
Level
Mountains
Listing Agency:
Better Homes & Gardens Real Estate - Kenney & Co.
(719) 550-1515
Listed By:
DANIEL JONES
(719) 308-6055
Source:
Corcoran
Added: May 20
Changed: Oct 28
Last Checked: Oct 28 at 9:12AM
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 Better Homes & Gardens Real Estate - Kenney & Co.
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Investment Insights
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Located on a corner lot in the Hillside community of downtown Colorado Springs, this property is a shovel-ready, urban infill apartment complex. The site is approved for 10 luxury, Class A units, offering mountain views and proximity to downtown amenities. The property qualifies for Opportunity Zone tax benefits. The project is ready for builder permits, with all drawings and site variances approved and stamped by the city, and tap fees already paid. The units will feature 9' interior ceilings, 8 tuck-under covered parking spots, 8 storage units, 8 bike storage units, a dedicated dog wash, and electric vehicle charging stations. This property is intended to be Hillside's future anchor point for urban living.
Key Highlights
- Opportunity Zone: Zero capital gains taxes on sale after 10 years of ownership.
- Shovel‑ready: All drawings and site variances approved and stamped; tap fees paid.
- 10 luxury, Class A apartment units** in downtown Colorado Springs' Hillside community.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
2,622
Businesses Nearby
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Business Placement
Demographics for 80903, CO
15,944
Population
8,340
Households
1.9
Avg Household Size
34
Median Age
39%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$59,292
Median Household Income
$35,251
Median Earnings
$1,221
Median Rent
$420,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Corner lot in downtown Colorado Springs, ready for development.
Where is this residential land & home lot located?
The property is located at 703 E Costilla Colorado Springs, CO.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Opportunity Zone: Zero capital gains taxes on sale after 10 years of ownership.; Shovel‑ready: All drawings and site variances approved and stamped; tap fees paid.; 10 luxury, Class A apartment units** in downtown Colorado Springs' Hillside community.
