Drennan Road, Colorado Springs, CO, 80928

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$21,500,000

Highlights
Land
640.00 ac
Drennan Road, Colorado Springs, CO, 80928 listed by Nathan Rains
Active
MLS#: 3745085
View on Map

Space maker

Property Description

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.

Property Listed By

Nathan Rains
9042-033-917

Exp Realty LLC
4272-044-888

Property Details

General Features

Land Type: Land

Lot Features

List Price: $21,500,000
County: El Paso
School District: Ellicott-22

Description

Lot SqFt: 27,878,400
Lot Description: 360-degree View, Backs to City/Cnty/State/Natl OS, City View, Mountain View, View of Pikes Peak

Taxes, Utilities

Tax: $239
Utilities at Prop Line: None
Existing Water: Well-Active

Additional Information

Notices: Corporate Owned

Additional Information

Notices: Corporate Owned

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