0 Platte Ave And Babcock Rd Colorado Springs, CO 80915
This exceptional 3.23-acre commercial land parcel presents a unique investment opportunity in Colorado Springs, Colorado. Strategically located at the intersection of Platte Avenue and Babcock Road, the property boasts unparalleled visibility and accessibility, fronting Highway 24 (Platte Ave) just west of Powers Boulevard. This high-traffic area is part of the rapidly expanding Airport Submarket, experiencing significant growth and development. The property's LI zoning allows for a variety of commercial uses. With a total land area of 140,699 square feet, the site offers ample space for development, and the land value is priced competitively at $15 per square foot. The location offers proximity to major employers, including Amazon, FedEx, Swire Coca-Cola, Taylor Farms, UTC Aerospace Systems, Serco, and American Tire Distributors, ensuring a strong potential customer base. Furthermore, its convenient proximity to the Colorado Springs Airport and the west entrance of Peterson Air Force Base (home to Air Force Space Command, Northern Command, and NORAD) adds to its strategic value. This is a rare chance to capitalize on the growth of this underserved yet rapidly developing market. The property is situated in El Paso County, Colorado, with a zip code of 80915.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.