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    1950 Cygnet Hts Colorado Springs, CO 80916

    For Sale
    $2,225,000

    6.18-acre commercial lot, build-to-suit option.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 6.18-acre commercial land parcel, located at 1950 Cygnet Heights in Colorado Springs, Colorado (zip code 80916), presents a unique investment opportunity. Priced at $2,225,000 ($8.27/SF), this property boasts a generally flat topography and is ideally suited for build-to-suit projects for qualified tenants. The seller is willing to collaborate on custom construction to meet specific tenant needs. Zoned PIP 2/CR, UV, AO, CAZ, OZ (Planned Industrial Park Airport Overlay), this site allows for a variety of commercial uses, including M-1 uses. The lot size is 269,302 square feet, and all utilities are conveniently located adjacent to the property. The property is platted, with all associated fees already paid. Outside storage is permitted. The APN is 64250-07-007, and the 2023 property taxes totaled $16,580.12. Legal description: Lot 1, Airport OZ, Sub Fil No. 2. This prime location offers excellent potential for a wide range of commercial developments. Don't miss this chance to acquire a ready-to-develop site in a thriving Colorado Springs market.

    Property Features for 1950 Cygnet Hts

    General Information

    Property type
    Land
    Lot Size
    269,201 SF

    HighLights

    • 6.18‑acre lot (269,302 sq ft) in Colorado Springs, CO.
    • $2,225,000 sale price ($8.27/sq ft).
    • Build‑to‑suit option available for qualified tenants.
    • Tax Parcel Number: 64250‑07‑007.
    • PIP 2/CR, UV, AO, CAZ, OZ (Planned Industrial Park Airport Overlay) zoning; allows M‑1 uses.
    • Legal Description: Lot 1, Airport OZ, Sub Fil No. 2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.7268138
    Latitude
    38.8026198

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    FAQs

    What type of property is this?
    Land - 6.18-acre commercial lot, build-to-suit option.
    Where is this land located?
    The property is located at 1950 Cygnet Hts Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $2,225,000.
    What are key features of this property?
    This property features: 6.18-acre lot (269,302 sq ft) in Colorado Springs, CO.; $2,225,000 sale price ($8.27/sq ft).; Build-to-suit option available for qualified tenants.
    Request Owner's contact information
    1950 Cygnet Hts Colorado Springs, CO 80916
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1950 Cygnet Hts Colorado Springs, CO 80916
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