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- LoopNet Team
2210 Old Ranch Rd
Colorado Springs, CO 80908
Land For Sale
·
11.47 AC
INVESTMENT HIGHLIGHTS
- Located just off InterQuest & Voyager Parkway
- Future Land Use: Up to 122 Residential Rental Units (Renderings Available)
- Current Zoning for Multi-Family Residential
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 11.47 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Zoning | RR3 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 11.47 AC |
| No. Stories | 1 |
| Zoning | RR3 |
DESCRIPTION
This site is a well-located parcel in North Colorado Springs, near the intersection of Voyager Parkway and Old Ranch Road. The immediate submarket is anchored by InterQuest Parkway and has become one of the most prominent and active growth corridors in the region with a mix of commercial, retail, entertainment, recreation, education, health services and residential uses. The area is dominated by several large master planned communities including The Farm and Flying Horse Ranch to the North, Pine Creek to the South, and Wolf Ranch and Cordera to the East. Housing demand is very strong in this submarket and many of these large legacy communities are either built out or approaching close out. Multi-family rental communities in this area have steady occupancy levels and comparable rent rates to the proposed product. Given the growth and demand of the Northgate submarket and the unique product offering, this site poses an exciting opportunity for future development.
