415 N Franceville Coal Mine Rd Colorado Springs, CO 80929

Property Details for 415 N Franceville Coal Mine Rd

Lot size

38.50 lot acres

Property type

Commercial real estate

APN

4400000565

Description

This exceptional 38.5-acre commercial land parcel presents a unique investment opportunity in Colorado Springs, Colorado. Ideally situated along Highway 94, halfway between Schriever Space Force Base and Peterson Air Force Base, this property boasts unparalleled visibility and access to a rapidly expanding population. Currently zoned for commercial use, the land offers significant potential for diverse development, catering to the burgeoning residential and military communities. With over 10,500 vehicles passing daily, this high-traffic location is primed for businesses seeking high visibility. The property is strategically positioned within the Colorado Springs Annexation plan for the Highway 94 corridor, benefiting from the planned expansion of Flying Horse East – a massive development encompassing 5,500 acres, 30,000 housing units, commercial properties, schools, golf courses, and hotels. Nearby developments include Mayberry (2,550 units) and Reagan Ranch (1,600 units), further solidifying the area's growth trajectory. The property's proximity to Schriever Space Force Base (8,000 personnel) and numerous recreational attractions, including dirt race tracks and a large gun club, enhances its appeal. Twenty acres are already prepared for RV storage, providing a head start for immediate development. The asking price is $5,000,000, with a land value of $3 per square foot. The property's APN is 4400000565. This is a rare chance to capitalize on the explosive growth along Highway 94 and establish a presence in a thriving market with limited existing commercial services. The lack of gas stations along this stretch of Highway 94 presents a significant opportunity for entrepreneurial ventures.

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Longitude

-104.588392

Latitude

38.836801