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    OFF-MARKET
    Land

    4020 Center Park Dr, Colorado Springs, CO 80916

    1.9 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.9-acre commercial land parcel, located at 4020 Center Park Dr, Colorado Springs, CO 80916, presents a unique investment opportunity. Zoned MX-M/PAO, this property offers significant potential for development. The lot size totals approximately 83,133 square feet, with a land value of $15.04 per square foot, resulting in an asking price of $1,250,000. Strategically situated at the southeast corner of Academy Park Loop and East Fountain Boulevard, this pad site boasts exceptional visibility, benefiting from over 38,000 vehicles passing daily on East Fountain Boulevard. Its prime location offers significant advantages, including proximity to a brand-new, extended-stay premier hotel and convenient access to the Colorado Springs Airport. An onsite detention pond is included, simplifying development considerations. This highly visible and accessible location makes it ideal for a variety of commercial ventures. The property's size and zoning provide ample flexibility for various development plans, making it an attractive investment for discerning buyers seeking a high-impact commercial property in a thriving Colorado Springs market. Don't miss this chance to acquire a premier commercial land parcel in a rapidly growing area.

    Property profile
    Verified
    Property type Land
    Lot 1.9 ac (82,764 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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