Colorado Springs Real Estate | Springs Homes
Springs Homes Real Estate
Property Description

NOTE: This is four adjacent parcels; see linked map to see all four. Application for annexation has been filed and is underway.rnrnStunning views and close proximity to burgeoning development around the Colorado Springs Airport make this 640 acre property an ideal candidate for comprehensive development with relatively high density housing options (12 minutes to Amazon, 15 to COS airport, 5 min to Schriever). rnrnCurrent property owners are moving forward with annexation plan and are additionally working on creation of comprehensive land use/development plan. Annexation expected to occur in approximately 18 months and city/county approved Preliminary Development Plan is expected to be complete around same time. Water rights available but not adjudicated; there is an existing high performing well on-site. Mineral and water rights have not been severed and run with land. rnrnOne notable feature is that parcel is surrounded almost entirely by State or COS Utility property because there is 800 acre reservoir being installed less than one mile West of property; reservoir doesn’t have an official install date, but is expected within the next eight years. Intention is to work with CSU and state to create walking/biking paths connecting subject property with recreational areas of reservoir. Adjacent vacant land parcels and reservoir ensure that stunning front range and Pikes Peak views will remain unspoiled. rnrn. This includes everything from larger “estate” lots, standard single family residential, higher density townhome and patio home projects, and affordable housing options mixed with premium luxury in a cluster of high rise buildings with ground floor commercial space.

: Well-active
Address Details
W105° 27' 49.9''
N38° 44' 41.2''
: Not Applicable
MLS Addon
Lot Info
360-degree View,Backs to City/Cnty/State/Natl OS,City View,Mountain View,View of Pikes Peak
School Info
: Ellicott-22
Listing Office
Exp Realty LLC

Land For Sale

Drennan Road Colorado Springs Colorado 80928

640 Acre
MLS ID #3745085
Listing Summary
Status : Active
Property Type : Land
MLS ID : 3745085
Price : $21,500,000
Lot Area : 640 Acre
MLS Area Minor : None
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Data last updated: 07/13/2024 7:17
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