Excellent Location Adjoining Shopping Centers, Apartment Complex & Commercial Businesses on this Prefect 5+ Acre Lot. Good Commercial/ Muli-Family Development Potential w/Good Visibility! Easy 2 Minute Walk to all Amenities. There's a Home w/A Nice Barn Currently on Property Being Sold Specifically for Investment/Development Potential.
There are a total of eight units, each with a variety of rooms, ranging from 1 room to 8 rooms + kitchen. The units can be customized for different uses, such as clinics, office spaces, school spaces, etc. The location is convenient, easily accessible from the highway, a few minutes away from the Citadel Mall and minutes a way from the local grocery stores. A new AC unit was installed in 2023 for the entire unit. Heating is via boiler, installed in 2017. Located conveniently off Academy Blvd, This is a large and multifunction lot that can be outfitted for a variety of uses.
This property gives you the opportunity to work, live, and have fun all in one place! With views of Pikes Peak, the property is located near the Barnes & Powers corridor where you will be able to enjoy city & country living at the same time. Nestled on 5.25 acres you will find a spacious single-family home, a horse barn with riding arena, a commercial office building with three garage bays, and a pole barn with multiple bays for parking and storage purposes. Not only is there privacy on the property but there are plenty of shopping, restaurants, and entertainment nearby, making it the perfect place to work and live.
This is a fantastic opportunity to own a 5-Acre lot situated in the much sought-after North Powers & Barnes area. The lot's size offers ample space for new construction, and the location makes it easily accessible from Powers, I-25, and other desirable spots in Colorado Springs. This area is surrounded with shopping, restaurants, theatres, Rocky Mountain Vibes baseball field, and much more. This lot is the perfect spot to start a development project or build for just yourself. The neighboring 5.25 Acre lot is also for sale.
The median home value in Colorado Springs, CO is $440,500. This is lower than the county median home value of $456,200. The national median home value is $338,100. The average price of homes sold in Colorado Springs, CO is $440,500. Approximately 58.22% of Colorado Springs homes are owned, compared to 37.29% rented, while 4.49% are vacant. Colorado Springs real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Colorado Springs real estate agent to arrange a tour today!
Colorado Springs, Colorado 80917 has a population of 475,282. Colorado Springs 80917 is less family-centric than the surrounding county with 34.37% of the households containing married families with children. The county average for households married with children is 34.68%.
The median household income in Colorado Springs, Colorado 80917 is $71,957. The median household income for the surrounding county is $75,909 compared to the national median of $69,021. The median age of people living in Colorado Springs 80917 is 34.9 years.
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 17 degrees. The average rainfall is approximately 18.4 inches per year, with 57.3 inches of snow per year.