Prime Colorado Springs commercial land, retail & office potential.
Description
Added:
Dec 11, 2024
Days on Market:
369
This exceptional 17.6-acre parcel, designated CN-1, is located at 3531 Old Ranch Rd, Colorado Springs, CO 80924, within the highly desirable Briargate Crossing East development. Zoned MX-M, this property offers a multitude of development opportunities, including retail, office, medical office, hotel, and entertainment uses. The site boasts excellent visibility and accessibility from major thoroughfares such as Powers Boulevard, Briargate Parkway, and Union Boulevard, benefiting from high traffic counts exceeding 52,000 vehicles daily on Powers Boulevard. Its strategic location provides proximity to significant retail anchors including Lowe's, Super Target, Memorial Hospital North, Children's Hospital Colorado, King Soopers, Lifetime Fitness, Till, and Petco, ensuring high consumer traffic and brand recognition. This is one of only two remaining parcels in this prime location, presenting a rare opportunity to establish a strong market presence in a rapidly growing area with currently underserved commercial needs. The total land area encompasses 766,656 square feet, with a potential building size of 351,964 square feet. Signalized intersections further enhance accessibility and visibility. This is an exceptional investment opportunity for developers seeking to capitalize on the thriving Colorado Springs market.
Property Features for 3531 Old Ranch Rd
General Information
Property type
Self storage facilities
Lot Size
766,656 SF
HighLights
Two parcels remain.
Retail and office pad sites available (CN‑1).
Retail pad sites available (Bxe‑5).
Signalized intersections provide excellent access.
Strong retail synergy with nearby Lowe's, Target, Memorial Hospital North, Children's Hospital Colorado, King Soopers, Lifetime Fitness, and other major retailers.
High visibility and accessibility from Powers Blvd, Briargate Pkwy, and Union Blvd.
The property is located at 3531 Old Ranch Rd Colorado Springs, CO.
What are key features of this property?
This property features: Two parcels remain.; Retail and office pad sites available (CN-1).; Retail pad sites available (Bxe-5).
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3531 Old Ranch Rd Colorado Springs, CO 80924
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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.
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3531 Old Ranch Rd Colorado Springs, CO 80924
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3531 Old Ranch Rd, Colorado Springs, CO
Craig Anderson
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3531 Old Ranch Rd, Colorado Springs, CO
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to 3531 Old Ranch Rd Colorado Springs, CO 80924
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