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    1560 Academy Blvd Colorado Springs, CO 80909

    Sponsored
    For Sale
    $556,000

    Prime Colorado Springs commercial lot, $20/SF.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 27,780 square foot commercial land parcel, located at 1560 N Academy Blvd in Colorado Springs, Colorado (zip code 80909), presents a unique investment opportunity. Currently zoned OR (Office Residential), the property is strategically positioned for potential re-zoning to retail use, pending City of Colorado Springs approval of a development plan. The City's Planning Department has indicated a willingness to consider such a re-zoning application. Furthermore, the City Traffic Department has expressed openness to granting ingress and egress onto both Academy Blvd and Palmer Park Blvd, contingent upon the development plan's approval. This prime location benefits from existing infrastructure, including a 1/4" gas line stubbed onto the property, an electric vault on-site, a water line accessible on Palmer Park Blvd, and a sewer line located on Academy Blvd. The property's location within an Opportunity Zone adds significant investment appeal. The asking price is $556,000, translating to a land value of $20 per square foot. This presents a compelling opportunity for developers seeking a well-situated parcel with potential for diverse commercial uses. The property's size and location make it ideal for a variety of commercial ventures.

    Property Features for 1560 Academy Blvd

    General Information

    Property type
    Land

    HighLights

    • Located in an Opportunity Zone.
    • 27,780 SF land parcel at 1560 N Academy Blvd, Colorado Springs, CO 80909.
    • $556,000 asking price ($20/SF).
    • Currently OR (Office Residential) zoned, with potential for rezoning to retail.
    • Existing utilities: 1/4" gas line stub, on‑site electric vault, water line on Palmer Park Blvd, sewer line on Academy Blvd.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pitstop Carwash Self Service Car Wash

    Suggested Use

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

    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
    -104.757729
    Latitude
    38.85473

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    FAQs

    What type of property is this?
    Land - Prime Colorado Springs commercial lot, $20/SF.
    Where is this land located?
    The property is located at 1560 Academy Blvd Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $556,000.
    What are key features of this property?
    This property features: Located in an Opportunity Zone.; 27,780 SF land parcel at 1560 N Academy Blvd, Colorado Springs, CO 80909.; $556,000 asking price ($20/SF).
    (719) 955-1634
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    Colorado Springs, CO 80909
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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
    1560 Academy Blvd Colorado Springs, CO 80909
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