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Mixed-Use Development Site | Colorado Springs Grand Vista Cir 13 Acres of Commercial Land Online Auction Sale Colorado Springs, CO 80904
INVESTMENT HIGHLIGHTS
- Versatile mixed-use development site with flexible zoning, permitting restaurants, hotels, multifamily, medical, offices, and institutional use.
- Proposed development concept for a 40-unit upscale townhouse project, providing a compelling balance of profitability and market feasibility.
- Easy access to top attractions, including the Garden of the Gods, Red Rock Canyon, several golf courses, and Downtown Colorado Springs.
- Rare land in a desirable West Colorado Springs growth corridor, with convenient access to nearby healthcare, residential, and commercial amenities.
- Supported by a growing 3-mile population of more than 67,000, 45% of whom are renters, with no competing inventory currently under construction.
- There is fantastic connectivity to the greater region, thanks to placement just 1 mile from Interstate 25 and several nearby bus lines.
EXECUTIVE SUMMARY
This exceptional west-side land development opportunity encompasses approximately ±13 acres across three parcels located on Grand Vista Circle in Colorado Springs, Colorado. Strategically positioned in a desirable growth corridor, the property benefits from MX-N (Mixed-Use Neighborhood) zoning, which provides outstanding flexibility for development. Permitted uses include restaurants, hotels, multifamily residential, medical facilities, offices, and institutional buildings, making this assemblage highly adaptable to a variety of project types.
The well-situated site is in an established community with convenient access to nearby healthcare, residential, and commercial amenities. This strategic positioning ensures a strong demand base for residential and commercial components. The immediate area has demonstrated consistent housing demand, with townhouse and multifamily products appealing to a broad range of buyers and renters, while neighborhood-scale retail and service uses offer additional long-term value. The property also shares a property line with more than 40 acres of city-owned land that connects directly to Sondermann Park.
A proposed development concept envisions a 40-unit upscale townhouse project, providing a compelling balance of profitability and market feasibility. The combination of strong local demand drivers, favorable zoning, and limited supply of developable land on the west side of Colorado Springs enhances the long-term outlook for this site. The local multifamily submarket has posted accelerated demand in recent years, thanks to the area’s strong population growth. More than 67,000 residents live within 3 miles of the site, driving positive absorption of 650 units over the past 12 months. With no new units currently under construction, a new development at the subject property will face little to no supply-side pressure.
In summary, the Grand Vista Circle assemblage represents a rare and highly versatile development opportunity in one of Colorado Springs’ most desirable submarkets. With flexible zoning, a proven demand for residential housing, and strong projected returns, Grand Vista Circle offers investors and developers the chance to deliver a successful, mixed-use community that aligns with the continued growth of the Colorado Springs market.
The well-situated site is in an established community with convenient access to nearby healthcare, residential, and commercial amenities. This strategic positioning ensures a strong demand base for residential and commercial components. The immediate area has demonstrated consistent housing demand, with townhouse and multifamily products appealing to a broad range of buyers and renters, while neighborhood-scale retail and service uses offer additional long-term value. The property also shares a property line with more than 40 acres of city-owned land that connects directly to Sondermann Park.
A proposed development concept envisions a 40-unit upscale townhouse project, providing a compelling balance of profitability and market feasibility. The combination of strong local demand drivers, favorable zoning, and limited supply of developable land on the west side of Colorado Springs enhances the long-term outlook for this site. The local multifamily submarket has posted accelerated demand in recent years, thanks to the area’s strong population growth. More than 67,000 residents live within 3 miles of the site, driving positive absorption of 650 units over the past 12 months. With no new units currently under construction, a new development at the subject property will face little to no supply-side pressure.
In summary, the Grand Vista Circle assemblage represents a rare and highly versatile development opportunity in one of Colorado Springs’ most desirable submarkets. With flexible zoning, a proven demand for residential housing, and strong projected returns, Grand Vista Circle offers investors and developers the chance to deliver a successful, mixed-use community that aligns with the continued growth of the Colorado Springs market.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 13.00 AC |
| Property Subtype | Commercial | Sale Condition | Auction Sale |
| Sale Type | Investment | Type of Ownership | Fee Simple |
| Zoning | MX-N SS | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Sale Type | Investment |
| Total Lot Size | 13.00 AC |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Zoning | MX-N SS |
1 LOT AVAILABLE
Lot
| Lot Size | 13.00 AC | Parcel Numbers | 73354-00-023, 73354-00-024, 73354-00-026 |
| Lot Size | 13.00 AC |
| Parcel Numbers | 73354-00-023, 73354-00-024, 73354-00-026 |
SALE ADVISOR
SALE ADVISOR
Jason Castro, Broker
Jason Castro joined Peak Commercial Properties as their lead Broker and works closely with the Founder, John Rodgers, on the majority of assignments. He became the President of the firm in 2024. Prior to joining Peak, Jason was one of the top commercial real estate producers at another real estate firm.
Jason’s extensive career includes over 20 years in corporate and pharmaceutical sales, as well engagement and management of complex contractual agreements with clients. Jason, with the support of his wife and family, decided to make a career change into commercial real estate so that he could be more involved in the community, provide him with more long-term relationships with clients, and enable him to help clients with one of the most important asset classes for wealth creation.
Most importantly, Jason enjoys time with his family. He is blessed with his wife and four children, the latter of whom he can often be found following around their many sporting events. He also enjoys hiking, running, camping, fishing, and being involved with his church.
Jason’s extensive career includes over 20 years in corporate and pharmaceutical sales, as well engagement and management of complex contractual agreements with clients. Jason, with the support of his wife and family, decided to make a career change into commercial real estate so that he could be more involved in the community, provide him with more long-term relationships with clients, and enable him to help clients with one of the most important asset classes for wealth creation.
Most importantly, Jason enjoys time with his family. He is blessed with his wife and four children, the latter of whom he can often be found following around their many sporting events. He also enjoys hiking, running, camping, fishing, and being involved with his church.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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AUCTION CONTACT
Jameson Kuykendall
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr EC.100067651
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Mixed-Use Development Site | Colorado Springs | Grand Vista Cir
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