Listed by Fountain Colony LLC, NAI Highland, LLC
Unpriced
127 W. Colorado Ave
Details
Property Type Multifamily, Mixed Use
Sub Type Commercial
Acreage 2.300
Zoning Form-Based Zoning – Central Sector (FBZ CEN) NO Height Limit
Multifamily
Marketing description
Downtown Colorado Springs is a 1.1 square mile district centered at the intersection of I-25 and Highway 24, featuring the county’s largest concentration of office (5.1 million
square feet of office and 1+ million square feet of retail,) and entertainment. The pedestrian-friendly streets feature 70+ retail shops, over 130 restaurants, breweries, coffee
shops, and bars, which collectivity see 11.86 million annual visitors. Downtown is also home to a growing population of 2,500 businesses employing a workforce of approximately 27,000. Although the downtown area covers just 0.05% of the El
Paso County’s total land area, it’s home to 7% of all jobs county-wide. Average wages in downtown are 6% higher than the national average for those same positions, and the
area boasts a strong entrepreneurial spirit, with 482 new business fillings throughout 2022. Circling downtown is Colorado Springs’ famous Legacy Loop, a 10-mile urban trail
system. Additionally, five parks provide over 180 acres of urban park land. In terms of entertainment, the downtown district hosts over 950 arts, cultural, and special events
annually
Investment highlights
- Located Within an Opportunity Zone
- Rare Downotwn Colorado Springs Development Site
- Low Mill Levy (64.762)
- Potential for Proerty Tax Abatement Through the Downtown Development Authority
- Unobstructed Mountain Views
- 2 Minute Walk to 17 Acre America the Beautiful Park and 27 Mile Pikes Peak Greenway Trail
- Visibility From I-25 With Over 130,000 Vehicles Per Day
- 60% Renters Within One Mile
- Over $2 Billion in Investment in Downtown Colorado Springs Completed in Past 10 Years or in the Pipeline
- Adjacent to Pikes Peak Center for the Performing Arts With Over 200 Events Annually
- One Block From the U.s. Olympic & Paralymic Museum
- 3 Blocks to 5,000-seat Weidner Field Soccer Stadium
Listing Contacts
Listed by Fountain Colony LLC, NAI Highland, LLC
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