Views - Fixer Upper
Address
575 S Union Boulevard Colorado Springs, CO
Price
$ 4,200,000
Property Attributes
  • MLS#4186482
  • TypeCommercial
  • CountyEL PASO
  • CityColorado Springs
  • Zip80910
  • StyleLand
  • Year Built1982
  • Taxes18178
  • Price$ 4,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage38605
  • Lot Size4.48 Acres
Listing Provided Courtesy Of:
Live Dream Colorado LLC
Property Description

Development opportunity near downtown Colorado Springs. Exciting infill on 4.88 acres! Four contiguous parcels across from Prospect Lake and Memorial Park on downtown's eastern edge. Idyllic lake and mountain views, including great views of Pikes Peak. Conceptual plan showing PUD rezone for mixed residential/commercial is just a starting point. Most of the property presents the opportunity to go vertical. Pikes Peak Towers building on the parcel behind will have a protected view corridor over a portion of the property, limiting height at that portion only to 3 stories tall. Interim income opportunity with liquor store, charter school, lodge hall and one vacant lot. About the parcels: Three PBC zoned properties, including the lodge building at lighted intersection Union & Eastlake, school property on Eastlake, and Lake Liquors at Airport and Union. Plus the adjacent fenced vacant land on Airport zoned R5 HR (multifamily residential high rise). The buildings are concrete block buildings on expansive parcels. 575 S Union is 19,600 SF above grade w 2,989 SF basement on 1.58 acres built 1982. Current use is charitable use as lodge hall for the Odd Fellows, great for hosting large events. 1810 Eastlake is 14,716 SF on 1.36 acres built 1962. Originally a bowling alley, 1810 Eastlakes's current use is Education Use, with an active lease to a charter school. 501 S Union is 1300sqft building constructed in 1960. It is an active liquor store. 0 Airport Rd is land used for parking and is fenced with chain-link.

Price History
3/18/2020 Listed $3,500,000

General Features

Property Type Commercial
Status Active
Stories 1
Sub Type Land
Tax Amount 18178.44

Interior Features

Unit Count 3

Exterior Features

Lot Size Area 195092.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 80910

Price
AVG $1.68M
$4.2M
Taxes
AVG $18,178
$18,178
Visits
AVG 56
37
Year Built
AVG 1982
1982
Walkscore
AVG 46
33
Data Provided by Walkscore ® not using MLS data

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