512 Foothills Rd
Colorado Springs, CO 80905
512-516 Foothills Rd · Land For Sale · 2.61 AC

Overview: 512-516 Foothills Road offers 2.61 acres of R5 high density zoning allowing up to 140 units of multifamily. The land is in the highly desirable, heart of the Southwest Region of Colorado Springs, CO. The land is relatively flat but sits on top of a bluff giving a developer 365-degree views of the thriving Front Range city. The Seller has several concept plans and due diligence available to any developers looking to purchase the site. The Seller will look at joint venture deals or creative financing. Location: The property is just minutes from some of the best trail systems in the State of Colorado to include Red Rock Open Space, Cheyenne Canon, Garden of the Gods Park, and Stratton Open Space. This makes the location perfect for outdoor enthusiasts due to the proximity to all the outstanding trails. The land is also conveniently located to the following sites and attractions! • 7 Minute drive from the new U.S. Olympic and Paralympic Museum • 7 Minute Drive to Widener Field- Newly Constructed Soccer Stadium Seating 15,000 Fans • 7 Minute Drive to Downtown Colorado Springs offering Restaurants and Shops • 7 Minute Drive to Old Colorado City filled with charming Shops and Restaurants • 15 Minute Drive to the Colorado Springs Airport Servicing 3,000 Travelers Daily • 17 Minutes to the Air Force Academy with 4,300 Undergraduate Students Enrolled • 18 Minutes to Manitou which has the Famous Cog Train, Restaurants and Shops! • 20 Minute Drive to the entrance to Pikes Peak! Zoning and Use: This site is zoned for R5, Multi-Family Residential, High Density (site can support up to 120 + units with a 4-Story Product). The Seller has concepts plans for both Townhomes and Apartments available upon request.