For Sale
Call for price

120 Sahwatch StColorado Springs, CO 80903

Prime 2.3-acre mixed-use opportunity

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 2.3-acre development site is located in the heart of downtown Colorado Springs, offering unparalleled access to a vibrant urban environment. Situated within an Opportunity Zone and boasting unobstructed mountain views, this property presents a rare chance to capitalize on the area's remarkable growth. The site is zoned for Form-Based Zoning – Central Sector (FBZ CEN) with no height limit, allowing for significant development potential. Its prime location provides exceptional visibility from I-25, with over 130,000 vehicles passing daily. Furthermore, the property enjoys proximity to major attractions including the America the Beautiful Park (a 2-minute walk), the Pikes Peak Greenway Trail, the Pikes Peak Center for the Performing Arts, the U.S. Olympic & Paralympic Museum (one block away), and Weidner Field soccer stadium (three blocks away). The surrounding area features a thriving mix of businesses, including over 70 retail shops, 130+ restaurants, and numerous entertainment venues, attracting 11.86 million annual visitors. The low mill levy (64.762) and potential for property tax abatement through the Downtown Development Authority further enhance the investment appeal. With over $2 billion in recent and planned investments in downtown Colorado Springs, and a strong entrepreneurial spirit evidenced by 482 new business filings in 2022, this site represents a truly unique opportunity for significant return. The high concentration of renters (60% within one mile) also presents a strong potential for multifamily development. This is a truly exceptional opportunity to be part of Colorado Springs' continued downtown revitalization.

Highlights

  • Opportunity Zone designation.
  • Rare downtown Colorado Springs development site.
  • Low mill levy (64.762).
  • Potential property tax abatement via Downtown Development Authority.
  • Unobstructed mountain views.
  • Two-minute walk to America the Beautiful Park (17 acres) and Pikes Peak Greenway Trail (27 miles).

Property Details for 120 Sahwatch St

Property type
Mixed-use properties, Land
Lot Size (sq. ft)
100,188 SF

Location Insight

City
Colorado Springs
County
El Paso
State
Colorado
Latitude
38.8315222
Longitude
-104.827632
120 Sahwatch St, Colorado Springs, Colorado

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
120 Sahwatch St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message