0 Tbd Nwc Of Austin Blf Pkwy And Woodmen Rd Colorado Springs, CO 80920
This exceptional 15.38-acre land parcel presents a remarkable investment opportunity in Colorado Springs, Colorado. Strategically located at the hard corner intersection of Austin Bluffs Parkway and Woodmen Road, this highly visible site boasts significant development potential. The property is situated within an area of substantial residential density, surrounded by numerous retail amenities and employment centers, attracting major national retailers. Zoned PDZ SS AO, the site offers approximately 8 developable acres, ideal for a variety of uses including event centers, churches, schools, medical facilities, office buildings, self-storage units, or multifamily housing (potentially utilizing LIHTC or senior housing models). The property's prime location in northern El Paso County benefits from strong schools, well-planned neighborhoods, and proximity to employment opportunities. Importantly, it's annexed into the City of Colorado Springs and is not encumbered by a metropolitan district. While a developer will need to contribute to public sidewalk improvements along Woodmen Road, the land's value, at $2.24 per square foot, and its strategic location make this a compelling investment. The property's APN is 6302400009. The asking price is $1,500,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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