Property summary
This exceptional 4.78-acre commercial land parcel, located in Colorado Springs, Colorado, presents a unique investment opportunity. Zoned PBC (Planned Business Center), this site is ideally situated in a rapidly growing area of Northeast Colorado Springs, offering excellent visibility from Powers Boulevard and Old Ranch Road. The property is fully approved for development as a 501-unit self-storage facility, eliminating lengthy permitting processes and allowing for immediate project commencement. Its "shovel-ready" status significantly reduces time to market and minimizes pre-development costs. The location boasts limited competition within the immediate submarket, ensuring a strong potential for return on investment. The address is Rhinestone Dr, Colorado Springs, CO 80908, within El Paso County. This prime location and the approved development plan make this a compelling opportunity for investors seeking a high-growth, low-risk venture in a thriving Colorado Springs market. The asking price for this exceptional property is $2,080,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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