Hwy 115 & Norad Rd Colorado Springs, CO 80906
- Land
- 110.39 lot acres
Current Use by Public Records
- Land
Property Details for 0 Hwy 115 & Norad Rd
- Lot size
- 110.39 lot acres
- Property type
- Land
Description
This exceptional 110.39-acre commercial land parcel presents a significant investment opportunity in Colorado Springs, Colorado. Located at the intersection of Hwy 115 and Norad Rd, with a zip code of 80906, this property boasts a strategic location and substantial development potential. The land is zoned A-5 (El Paso County), offering flexibility for a variety of uses. Potential development options include single-family, multi-family, or senior housing projects, subject to necessary approvals and permits. The asking price is $5,000,000, translating to approximately $45,294 per acre. The expansive 4,813,559 square foot lot provides ample space for large-scale development. While there is an existing structure on the property, built in 1940, with a building size of 1,600 square feet and two floors, the primary value lies in the significant land area. The price per square foot of the existing building is $1.04. This property is ideal for developers seeking a substantial land holding in a rapidly growing area of Colorado Springs. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.812
- Latitude
- 38.7574
