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1311 W Costilla St 2.61 Acres of Residential Land Offered at $699,000 in Colorado Springs, CO 80905
Investment Highlights
- R-5 zoned multifamily development site with 405 ft of frontage on Costilla Street offering panoramic views of Pikes Peak and Downtown Colorado Springs
Executive Summary
Offered for sale is a multifamily development opportunity in Colorado Springs, zoned R-5, allowing for high-density residential use. The site is well-suited for townhouse, fourplex, or small multifamily configurations.
A conceptual site plan has been developed illustrating efficient land utilization, internal access, and unit placement in compliance with local zoning requirements. The project is suitable for build-to-rent or build-to-sell strategies.
The seller is open to various deal structures, including an outright sale or joint venture with an experienced development partner. This opportunity is ideal for a developer seeking a well-located infill site with strong long-term demand fundamentals.
Additional project information and conceptual materials are available upon request.
A conceptual site plan has been developed illustrating efficient land utilization, internal access, and unit placement in compliance with local zoning requirements. The project is suitable for build-to-rent or build-to-sell strategies.
The seller is open to various deal structures, including an outright sale or joint venture with an experienced development partner. This opportunity is ideal for a developer seeking a well-located infill site with strong long-term demand fundamentals.
Additional project information and conceptual materials are available upon request.
Property Facts
| Price | $699,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 2.61 AC |
| Property Type | Land | ||
| Zoning | R-5 - Residential | ||
| Price | $699,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 2.61 AC |
| Zoning | R-5 - Residential |
1 Lot Available
Lot
| Price | $699,000 | Lot Size | 2.61 AC |
| Price Per AC | $267,816.09 |
| Price | $699,000 |
| Price Per AC | $267,816.09 |
| Lot Size | 2.61 AC |
Multifamily development site located in Colorado Springs with R-5 zoning. Conceptual site plan supports high-density residential development. Ideal opportunity for developers or JV partners seeking infill multifamily potential.
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 74133-00-019 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $13,260 |
Property Taxes
Parcel Number
74133-00-019
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$13,260
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D & Y Enterprises
1311 W Costilla St
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