Corner Lot Apartment Complex
703 E Costilla Street, Colorado Springs, CO 80903
For Sale
$399,000
Shovel-ready apartment complex in Opportunity Zone with approved permits.
Property SizeContact for details
Days on Market180
Property Features for 703 E Costilla Street
General Information
Standard status
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
Level
Mountainous
Near Public Transit
Listing Agency:
Better Homes & Gardens Real Estate - Kenney & Co.
(719) 550-1515
Listed By:
DANIEL JONES
(719) 308-6055
Source:
Corcoran
Added: May 19
Changed: Nov 14
Last Checked: Jul 16 at 6:40AM
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
Based on property information with market context.
Located on a corner lot in the Hillside community of downtown Colorado Springs, this property is a shovel-ready, urban infill apartment complex. It offers an opportunity to build 10 luxury, Class A units with mountain views and proximity to downtown amenities. The property is located in an Opportunity Zone, potentially offering tax benefits. The project is ready for builder permits, with 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. It 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: Builder permits ready, drawings and site variances approved and stamped, tap fees paid.
- 10 Luxury, Class A Units: High‑end apartments in a desirable location.
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 - Shovel-ready apartment complex in Opportunity Zone with approved permits.
Where is this residential land & home lot located?
The property is located at 703 E Costilla Street 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: Builder permits ready, drawings and site variances approved and stamped, tap fees paid.; 10 Luxury, Class A Units: High‑end apartments in a desirable location.
