5705 Erindale DrColorado Springs, CO 80918

This 1.37-acre commercial land parcel in Colorado Springs, El Paso County (zip code 80918, address 5705 Erindale Dr), is zoned OC CU and offers a rare infill development opportunity. Currently approved for a 40-unit multi-family development, plans include two buildings: Building A, a three-story structure with ten units per floor, and Building B, a two-story building with five units per floor. All units are envisioned as one-bedroom, one-bathroom apartments with terraces. The property's location provides convenient access to the North Academy Blvd Corridor, offering proximity to various retail, dining, and entertainment options. The property is being sold "as is, where is." The selection process will consider price, closing track record, financial strength, and investment capacity. The seller reserves the right to accept offers prior to a specified bid date or withdraw the property from the market at any time. This exceptional opportunity is priced at $1,395,000.