Active

Drennan Road

Colorado Springs CO, 80928

$21,500,000


$0.77 per sqft

Active

640 Acres

Land

NOTE: This is four adjacent parcels; see linked map to see all four. Application for annexation has been filed and is underway.

Stunning views and close proximity to burgeoning development around the Colorado Springs Airport make this 640 acre property an ideal candidate for comprehensive development with relatively high density housing options (12 minutes to Amazon, 15 to COS airport, 5 min to Schriever).

Current property owners are moving forward with annexation plan and are additionally working on creation of comprehensive land use/development plan. Annexation expected to occur in approximately 18 months and city/county approved Preliminary Development Plan is expected to be complete around same time. Water rights available but not adjudicated; there is an existing high performing well on-site. Mineral and water rights have not been severed and run with land.

One notable feature is that parcel is surrounded almost entirely by State or COS Utility property because there is 800 acre reservoir being installed less than one mile West of property; reservoir doesn't have an official install date, but is expected within the next eight years. Intention is to work with CSU and state to create walking/biking paths connecting subject property with recreational areas of reservoir. Adjacent vacant land parcels and reservoir ensure that stunning front range and Pikes Peak views will remain unspoiled.

. This includes everything from larger "estate" lots, standard single family residential, higher density townhome and patio home projects, and affordable housing options mixed with premium luxury in a cluster of high rise buildings with ground floor commercial space.

3745085

MLS ID

February 15, 2024

Updated

Map

Drennan Road
Colorado Springs CO, 80928

Exterior/Building Features

Lot Size

640 Acres

School Information

School District

Ellicott-22

Other Property Details

Area Name

None


Taxes

$239


Tax Frequency

Annually


Garage

No


View

Yes


View Description

City, Mountain(s)


County

El Paso


Pool

No

Listed by Nathan Rains, Exp Realty LLC

Listing Contact: 8884402724 

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