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Rex Rd & Hwy 24 138 Acres of Commercial Land Offered at $4,000,000 in Peyton, CO 80831
Investment Highlights
- High visibility on State HYW 24 with over a half mile frontage.
- Great Commercial Exposure and Apartment Sites.
- Located at the future Major Intersection of HYW 24 and Rex Road.
Executive Summary
Approximately 137 acres directly in the path of development located on the eastern edge of the historically hot market of Colorado Springs. The Meridian Ranch development of approximately 5,000 homes is right across the street and almost built out. Significant entitlement work has been done, including an approved Sketch Plan and approved Metro-Districts. The location on HYW 24 provides for very high visibility marketing and convenient access to military bases, defense contractors, other employers and the airport.
Property Facts
| Price | $4,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 138.00 AC |
| Property Type | Land | ||
| Zoning | Sketch Plan Approval | ||
| Price | $4,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 138.00 AC |
| Zoning | Sketch Plan Approval |
1 Lot Available
Lot
| Price | $4,000,000 | Lot Size | 138.00 AC |
| Price Per AC | $28,985.51 |
| Price | $4,000,000 |
| Price Per AC | $28,985.51 |
| Lot Size | 138.00 AC |
Commercial and High/Medium Density Residential land at the future major intersection of Rex Road and HYW 24.
Description
Approximately 137 acres directly in the path of development located on the eastern edge of the historically hot market of Colorado Springs. The Meridian Ranch development of approximately 5,000 homes is right across the street and almost built out. Significant entitlement work has been done, including an approved Sketch Plan and approved Metro-Districts. The location on HYW 24 provides for very high visibility marketing, commercial uses and convenient access to military bases, defense contractors, other employers and the airport.
1 1
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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