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    183 Crystal Park Rd Manitou Springs, CO 80829

    For Sale
    $4,500,000

    9 Acres, Pikes Peak Views, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    Exceptional 9.04-acre commercial and residential land parcel in Manitou Springs, Colorado, is available for $4,500,000. This stunning property boasts breathtaking views of Pikes Peak and Garden of the Gods. The land features Sutherland Creek running through it, adding to its natural beauty and appeal. The property has a rich history, previously housing the McLaughlin Lodge. An approved plat, ready for recording, divides the land into approximately 30 lots, offering significant development potential. Seven of these lots remain as raw land, while others are pre-sold as individual lots or cabin sites. The property is zoned LDR. Seller financing or partnership options are available for qualified buyers. This unique opportunity combines prime location, stunning scenery, and immediate development potential, making it an ideal investment for discerning buyers seeking a high-return venture in a desirable Colorado location. The property's address is 183 Crystal Park Rd, Manitou Springs, CO 80829, within El Paso County.

    Property Features for 183 Crystal Park Rd

    General Information

    Property type
    Land
    Lot Size
    393,782 SF

    HighLights

    • 9.04‑acre commercial and residential land parcel in Manitou Springs, CO, listed at $4,500,000.
    • Stunning Pikes Peak and Garden of the Gods views.
    • Sutherland Creek runs through the property.
    • Approved plat with ~30 lots ready for recording; 7 lots remain unsold.
    • LDR zoning.
    • Seller financing or partnership options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Manitou Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.8973101
    Latitude
    38.8517875

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    FAQs

    What type of property is this?
    Land - 9 Acres, Pikes Peak Views, Development Ready
    Where is this land located?
    The property is located at 183 Crystal Park Rd Manitou Springs, CO.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: 9.04-acre commercial and residential land parcel in Manitou Springs, CO, listed at $4,500,000.; Stunning Pikes Peak and Garden of the Gods views.; Sutherland Creek runs through the property.
    Request Owner's contact information
    183 Crystal Park Rd Manitou Springs, CO 80829
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    Manitou Springs, CO 80829
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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
    183 Crystal Park Rd Manitou Springs, CO 80829
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