Drennan Road, Colorado Springs

$21,500,000

0 Beds
0 Baths
640 Acres
0 Garages

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.

Essential Information
MLS® #3745085
Price$21,500,000
Acres640.00
TypeLot / Land
StatusActive
Community Information
AddressDrennan Road
SubdivisionNone
CityColorado Springs
CountyEl Paso
StateCO
Zip Code80928
Lot Description

360-degree View, Backs to City/Cnty/State/Natl OS, City View, Mountain View, View of Pikes Peak

School Information
District22-Ellicott
Listing Details
OfficeExp Realty LLC
Property History
Status Changed from Under Contract - Showing to ActivePrice Increased from $9,550,000 to $21,500,000
Status Changed from Active to Under Contract - Showing
Price Increased from $6,400,000 to $9,550,000
LISTING MAP

Get directions to this property:

Pikes Peak Association of Realtors Logo 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. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.