120 Sahwatch StColorado Springs, CO 80903

Property Details for 120 Sahwatch St

Year built

1932

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.20 AC

Property size (Sq ft)

13,527 SF

Zone code

FBZ-CEN

Property type

Distribution centers

APN

6418304003

APU

6418304003

Description

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.

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8316

Longitude

-104.828

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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