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719-581-3115
Redevelopment Opportunity Near Downtown Colorado Springs

Redevelopment Opportunity Near Downtown Colorado Springs

$4,200,000

575 S Union Blvd, 1810 Eastlake Blvd, 501 S Union Blvd, and 0 Airport Rd Colorado Springs, Colorado 80910

Redevelopment opportunity near downtown Colorado Springs. Exciting infill on 4.88 ac! Four contiguous parcels on downtown’s eastern edge with idyllic view of Prospect Lake and Pikes Peak, across the street from Memorial Park! Conceptual plan available for proposed PUD rezone for mixed residential/commercial. 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.

Features

575 S UNION

  • 19,600 SF above grade
  • 2,989 SF basement
  • 1.58 acres
  • Built in 1982
  • Zoned PBC (mixed commercial)
  • Charitable use (Odd Fellows lodge hall)

0 AIRPORT RD

  • Vacant land
  • 1.18ac
  • Zoned R5 HR (multifamily residential, high rise)
  • Chain link fence

1810 EASTLAKE BLVD

  • 14,716 SF
  • 1.36 acres
  • Built as a bowling alley in 1962
  • Concrete block structure
  • Remodeled in 2016
  • Zoned PBC, currently Education use
  • Active Lease – Charter School

501 S UNION BLVD

  • 1,300SF
  • 0.3587 acres
  • Built 1960
  • Zoned PBC
  • Active lease – Lake Liquors

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. The buildings are concrete block buildings on expansive parcels. Plus the adjacent fenced vacant land on Airport zoned R5 HR.

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. 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.

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