± 2.3 Acre Opportunity Zone Multifamily/Mixed-Use Development Site in Downtown Colorado Springs | FOR SALE

Highlights:

• Located within an opportunity zone
• Rare Downtown Colorado Springs Development site
• Low Mill Levy (64.762)
• Potential for property tax abatement through the downtown development authority
• Unobstructed mountain views
• 2 minute walk to 17 acre America the beautiful park and 27 mile Pikes Peak Greenway trail
• Visibility from I-25 with over 130,000 vehicles per day
• 60% renters within one mile
• Over $2 Billion in investment in Downtown Colorado Springs completed in past 10 years or in the pipeline
• Adjacent to pikes peak center for the performing arts with over 200 events annually
• One block from the U.S. Olympic & Paralymic Museum
• 3 blocks to 5000-seat Weidner Field Soccer Stadium

Description:

Downtown Colorado Springs is a 1.1 square mile district centered at the intersection of I-25 and Highway 24, featuring the county’s largest concentration of office (5.1 million square feet of office and 1+ million square feet of retail,) and entertainment. The pedestrian-friendly streets feature 70+ retail shops, over 130 restaurants, breweries, coffee shops, and bars, which collectivity see 11.86 million annual visitors.

Downtown is also home to a growing population of 2,500 businesses employing a workforce of approximately 27,000. Although the downtown area covers just 0.05% of the El Paso County’s total land area, it’s home to 7% of all jobs county-wide. Average wages in downtown are 6% higher than the national average for those same positions, and the area boasts a strong entrepreneurial spirit, with 482 new business fillings throughout 2022. Circling downtown is Colorado Springs’ famous Legacy Loop, a 10-mile urban trail system. Additionally, five parks provide over 180 acres of urban park land. In terms of entertainment, the downtown district hosts over 950 arts, cultural, and special events annually.

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