5507 E Pikes Peak Ave 4.29 Acres of Commercial Land Offered at $1,200,000 in Colorado Springs, CO 80916

**4.29-Acre, Two-Parcel Industrial Land Portfolio for Sale in Colorado Springs**
Available for sale at **5507 East Pikes Peak Avenue, Colorado Springs, CO 80916**, this **two-parcel portfolio of vacant industrial land** contains approximately **4.29 combined acres**. Offered at a newly reduced price of **$1,200,000**, the property provides a development or investment opportunity in the growing Powers Boulevard and Colorado Springs Airport employment corridor.
The site is zoned **PIP-2 Planned Industrial Park**, supporting a range of potential industrial, warehouse, flex, contractor, distribution, service, and employment-related uses, subject to zoning and applicable approvals. Its two-parcel configuration may provide flexibility for site planning, phased development, ownership structure, or future disposition.
The property is located within the **Pikes Peak Enterprise Zone**, where qualifying businesses or investments may be eligible for state tax credits or other economic-development incentives. Buyers should consult the appropriate government agencies and qualified tax advisors to confirm current eligibility and requirements.
**Location and Accessibility**
The site is strategically positioned near **Powers Boulevard/Colorado Highway 21, East Platte Avenue/US Highway 24, and the Colorado Springs Airport Employment Corridor**. These major transportation routes provide connections to Colorado Springs Airport, Peterson Space Force Base, downtown Colorado Springs, Interstate 25, and regional Front Range markets.
The property is adjacent to **Westgate at Powers**, a newer mixed-use development planned for office, retail, and other commercial activity. It is also adjacent to a planned approximately **440-unit apartment community**, potentially increasing the surrounding population, workforce, customer base, and demand for nearby employment and service uses.
This combination of industrial zoning, regional accessibility, nearby economic drivers, and surrounding development activity makes the property suitable for investors, developers, and owner-users seeking industrial land in east Colorado Springs.
**Property Highlights**
* Address: 5507 East Pikes Peak Avenue, Colorado Springs, CO 80916
* Available for sale
* Reduced asking price: $1,200,000
* Previous asking price: $1,600,000
* Two-parcel vacant-land portfolio
* Approximately 4.29 combined acres
* PIP-2 Planned Industrial Park zoning
* Proposed industrial use
* Near Powers Boulevard/Colorado Highway 21
* Near East Platte Avenue/US Highway 24
* Located within the Colorado Springs Airport Employment Corridor
* Convenient to Colorado Springs Airport
* Near Peterson Space Force Base
* Located within the Pikes Peak Enterprise Zone
* Adjacent to Westgate at Powers
* Adjacent to a planned approximately 440-unit apartment development
* Potential industrial, warehouse, flex, contractor, distribution, service, or employment uses, subject to approval
**Frequently Asked Questions**
**Where is the industrial land located?**
The property is located at 5507 East Pikes Peak Avenue, Colorado Springs, CO 80916, near Powers Boulevard and the Colorado Springs Airport Employment Corridor.
**Is the property available for sale?**
Yes. The vacant industrial land is currently offered for sale.
**What is the current asking price?**
The asking price has been reduced from $1,600,000 to $1,200,000.
**How much land is included?**
The offering contains approximately 4.29 combined acres.
**How many parcels are included?**
The portfolio includes two parcels identified in current marketing materials as parcel numbers 64130-00-093 and 64130-02-022.
**What is the property’s zoning?**
The property is zoned PIP-2, or Planned Industrial Park. Buyers should independently verify zoning, permitted uses, development standards, utilities, and approval requirements.
**What types of development could be considered?**
Potential uses may include industrial, warehouse, flex, contractor, distribution, service, or other employment-related development, subject to zoning and applicable approvals.
**Is the property located in an Enterprise Zone?**
Yes. The site is located within the Pikes Peak Enterprise Zone. Qualifying businesses or investments may be eligible for certain incentives, subject to current program requirements.
**What major roads are near the property?**
The site is near Powers Boulevard/Colorado Highway 21 and East Platte Avenue/US Highway 24, providing connections throughout Colorado Springs and the surrounding region.
**What major employment centers are nearby?**
The property is convenient to the Colorado Springs Airport Employment Corridor, Colorado Springs Airport, and Peterson Space Force Base.
**What developments are planned near the property?**
Current marketing materials identify Westgate at Powers and a planned approximately 440-unit apartment community adjacent to the site. Buyers should independently verify each project’s current status, scope, and construction timeline.