1560 Academy Blvd Colorado Springs, CO 80909
- Commercial land
- 0.64 lot acres
Current Use by Public Records
- Pitstop Carwash / Self Service Car Wash / Car Battery Store
Property Details for 1560 Academy Blvd
- Lot size
- 0.64 lot acres
- Zone code
- PBC/CR R1-6
- Property type
- Commercial land
- APN
- 6403418034
- APU
- 6403418034
Description
This exceptional 27,780 square foot commercial land parcel, located at 1560 N Academy Blvd in Colorado Springs, Colorado (zip code 80909), presents a unique investment opportunity. Currently zoned OR (Office Residential), the property is strategically positioned for potential re-zoning to retail use, pending City of Colorado Springs approval of a development plan. The City's Planning Department has indicated a willingness to consider such a re-zoning application. Furthermore, the City Traffic Department has expressed openness to granting ingress and egress onto both Academy Blvd and Palmer Park Blvd, contingent upon the development plan's approval. This prime location benefits from existing infrastructure, including a 1/4" gas line stubbed onto the property, an electric vault on-site, a water line accessible on Palmer Park Blvd, and a sewer line located on Academy Blvd. The property's location within an Opportunity Zone adds significant investment appeal. The asking price is $556,000, translating to a land value of $20 per square foot. This presents a compelling opportunity for developers seeking a well-situated parcel with potential for diverse commercial uses. The property's size and location make it ideal for a variety of commercial ventures.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.758
- Latitude
- 38.8547
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
