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Drennan Road

Colorado Springs, CO 80928
  • $9,550,000
  • STATUS: Active
  • ON SITE: 317 Days
  • ID#: 3745085
UPDATED: 17 min ago
$9,550,000
  • 0
    BEDS
  • 640
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

School District:
Pikes Peak Multiple Listing Service logo Listing provided courtesy of Exp Realty Llc: Exp Realty Llc.

Description

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 24 months and city/county approved development plan is expected to be complete around same time. Water rights available but not adjudicated; in addition to strong existing well on-site, current owners drilled second well and have comprehensive hydrology report. Mineral and water rights have never been severed and run w/ 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 doesnt have an official install date, but is "coming soon." This development will be closest development to the reservoir; 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.Current owners are proceeding with development, but remain open to a full sale of the property, partial sale of the holding company to the right investor, or a deal with a development partner. Current list price is reflective of initial planning phase which contemplate a mixed use property with a range of housing applications. 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.

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Pikes Peak Multiple Listing Service logo The Harling Team @ HomeSmart- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2022-08-12T19:40:58.257.
www.harlingrealestate.com/homes/121874102
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Drennan Road Colorado Springs, CO 80928

  • Price: $9,550,000
  • Status: Active
  • On Site: 317 Days
  • Updated: 17 min ago
  • ID#: 3745085
0
Beds
0
Baths
0
½ Baths
640
Acres
Neighborhood:
None
County:
El Paso
Area:
Colorado Springs
School District:
Ellicott-22
Property Description
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 24 months and city/county approved development plan is expected to be complete around same time. Water rights available but not adjudicated; in addition to strong existing well on-site, current owners drilled second well and have comprehensive hydrology report. Mineral and water rights have never been severed and run w/ 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 doesnt have an official install date, but is "coming soon." This development will be closest development to the reservoir; 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.Current owners are proceeding with development, but remain open to a full sale of the property, partial sale of the holding company to the right investor, or a deal with a development partner. Current list price is reflective of initial planning phase which contemplate a mixed use property with a range of housing applications. 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.
Exterior Features

Lot Description 360-Degree ViewBacks To City/Cnty/State/Natl OsCity ViewMountain ViewView Of Pikes Peak Lot Size 27878400.0000 Lot Size Units Sqft

Property Features

Association Fee 0.00 Association Fee Frequency Not Applicable Notices Corporate Owned Tax Amount 239.00 Tax Year 2019 Water Well-Active



Pikes Peak Multiple Listing Service logo The Harling Team @ HomeSmart- Licensed in the State of Colorado. The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. Data last updated 2022-08-12T19:40:58.257.
 
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The Harling Team @ HomeSmart
7222 Commerce Center Dr Suite 120
Colorado Springs CO, 80919
Pikes Peak Multiple Listing Service logo Listing provided courtesy of Exp Realty Llc: Exp Realty Llc.