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
September 28, 2021
Listed
October 9, 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
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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Data Last Updated: 10/9/2024
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