$21,500,000
0 Bed
0 Bath
27,878,400 Acre Lot

Drennan Road, Colorado Springs, Colorado 80928

  • Land Property Type
  • 0 Year Built
Property Description

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

Basic Details
Land For Sale
Land
For Sale
3745085
$21,500,000
0
0
0
0
27,878,400 Acre
Active
Address Map
US
CO
El Paso
Colorado Springs
80928
Drennan
Road
0
W105° 27' 49.9''
N38° 44' 41.2''
Additional Info
Exp Realty LLC
Nathan Rains
00004382
017308
Nathan Fisk
020330
0
$239
2019
Palmer
North
Ellicott-22
Not Applicable
: Well-active
09/26/2023 16:59:21
Agent info
The Q Group Real Estate
1175 Kelly Johnson Blvd
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Contact Us
theresa@qgrouprealestate.com (719) 331-8524