22825 Co-94Calhan, CO 80808

  • Land
  • 172.94 AC
For Sale
$7,700,000 View listing

Property Details for 22825 Co-94

Year built
1970
Lot size
172.94 AC
Property type
Land
Property subtype
Multifamily properties

Description

Exceptional investment opportunity: Prairie Estates Mobile Home Park, a 99-pad residential community situated on 172.94 acres in Calhan, Colorado, is offered at $7,700,000. Built in 1970, this established park boasts 97 tenant-owned pads and significant expansion potential. Located directly off Highway 94, it's a 13-minute drive from Schriever Air Force Base and within 20 minutes of Colorado Springs, providing affordable housing near major employers. The property's ample water resources support up to 260 pads, allowing for substantial growth. The highway frontage presents commercial development possibilities. Recent improvements include landscaping enhancements and a major cleanup. This value-add opportunity is situated in a rapidly developing area, designated as an Opportunity Zone, and benefits from below-market rents. The existing infrastructure and substantial acreage offer a unique chance to increase cash flow and capitalize on the area's growth. This property presents a compelling investment in a thriving Colorado market.

22825 Co-94, Calhan, Colorado

Location Insight

City
Calhan
County
El Paso
State
Colorado
Latitude
38.8378
Longitude
-104.405

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