3002-3008 Academy Blvd Colorado Springs, CO 80910
This exceptional 1.98-acre redevelopment opportunity is situated on a highly visible, signalized corner of South Academy Boulevard in Colorado Springs, Colorado, zip code 80910. Boasting over 37,000 vehicles per day, this major artery provides unparalleled access to I-25 (west) and Colorado Springs Airport (east). The property includes two existing buildings: a vacant former urgent care facility and a former fast-food restaurant with a drive-thru, presenting significant potential for repurposing. The undeveloped portion of the lot offers further flexibility for development. This prime location benefits from strong demographics, with an average household income exceeding $68,000 within a 5-mile radius. Enjoy stunning views of Pikes Peak, and proximity to key attractions such as the United States Olympic & Paralympic Museum, and the North American Aerospace Defense Command (NORAD). The asking price for this exceptional land parcel is $1,700,000. This is a rare chance to acquire a substantial piece of land in a thriving Colorado Springs location with excellent visibility and high traffic counts. The property is zoned for residential, commercial, and industrial uses, offering a wide range of development possibilities. El Paso County location.
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
Physical attributes from public recordsZoning & alternative use
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.