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    OFF-MARKET
    Land

    1672 Aeroplaza Dr, Colorado Springs, CO 80916

    1.55 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.55-acre commercial land parcel presents a unique investment opportunity in Colorado Springs' thriving airport submarket. Located at the northeast corner of Fountain Boulevard and Aeroplaza Drive, this property is zoned MX-M, allowing for a variety of commercial uses. The asking price is $877,734, translating to a land value of $13 per square foot. Utilities are conveniently located on-site, simplifying development plans. The strategic location offers excellent visibility and accessibility, situated just west of Powers Boulevard on the Highway 24 Bypass, ensuring high traffic volume and exposure. Adding to its appeal, construction is currently underway on an adjacent 140-unit apartment complex, promising increased foot traffic and a growing residential base for potential businesses. This property is ready for immediate development, offering a compelling opportunity to capitalize on the area's rapid growth and strong demand for commercial space. The address is 1672 Aeroplaza Dr, Colorado Springs, CO 80916, in El Paso County. This is a rare chance to acquire a prime commercial lot in a high-growth area.

    Property profile
    Verified
    Property type Land
    Lot 1.55 ac (67,518 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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