515 Airport Creek PtColorado Springs, CO 80916

  • Land
  • 0.84 AC
For Lease

Property Details for 515 Airport Creek Pt

Lot size
0.84 AC
Zone code
PBC AO
Property type
Land
Property subtype
Commercial land
APN
6424101003
APU
6424101003

Description

This exceptional 0.84-acre commercial land parcel presents a unique investment opportunity in Colorado Springs' thriving Southeast submarket. Located at 515 Airport Creek, zip code 80916, this strategically positioned lot boasts 36,793 square feet and is zoned MX-M Commercial-Office/Retail, offering considerable flexibility for development. Its prime location between a McDonald's and a Loaf 'N Jug gas station ensures high visibility and convenient access for potential businesses. The property's previous exclusive agreements have expired, opening the door for a wide range of commercial ventures. Importantly, the zoning now permits the construction of burger restaurants and car washes, significantly expanding the possibilities for this highly desirable site. Situated in El Paso County, Colorado, this property offers exceptional potential for investors seeking a high-traffic location with diverse development options. The property's size and zoning make it suitable for a variety of commercial uses, promising strong returns on investment. This is a rare opportunity to acquire a prime commercial lot in a rapidly growing area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $9,211,736
    Hospitality
    $8,437,900
    Educational
    $7,020,234
    Medical
    $7,261,670
    Retail
    $10,920,364
515 Airport Creek Pt, Colorado Springs, Colorado

Location Insight

City
Colorado Springs
County
El Paso
State
Colorado
Latitude
38.8242
Longitude
-104.728
CBSA code
17820
CBSA name
COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$875
$16,790
-
$16,790
-
$60,192
-
$60,192

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