Elbert Rd Peyton, CO 80831
- Commercial real estate
- 39.82 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Elbert Rd
- Lot size
- 39.82 lot acres
- Property type
- Commercial real estate
Description
This exceptional 39.82-acre parcel in Peyton, Colorado, presents a unique investment opportunity. Priced at $995,000, this land boasts a variety of permitted uses, including church, school, veterinary hospital, stables, kennels, animal daycare, lumber yard, and riding academy. The absence of HOA or covenants adds to its appeal. Previously part of an 80-acre tract, the adjacent 40 acres have been sold to a tree nursery operating solely as a wholesale distribution center, eliminating retail concerns. The property enjoys nearly 40 acres of paved road frontage, offering stunning Pikes Peak views and convenient access—just 5 to 7 minutes from Falcon's Walmart. The topography is largely flat, featuring a dry creek bed adding to its natural charm. Significant water rights are included, amounting to 1 acre-foot per year from both the Dawson and Denver Aquifers for 100 years. The seller also owns additional, separately negotiable Denver Basin water rights, providing further potential. This versatile property offers a compelling combination of location, permitted uses, and valuable water resources, making it ideal for a wide range of commercial or institutional developments.
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
- Peyton
- County
- El Paso
- State
- Colorado
- Longitude
- -104.534
- Latitude
- 38.9584
