575 S Union BLVD Colorado Springs, CO 80910
UPDATED:  
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4200000
/mo

-1Bed

-1Bath

38605SqFt

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Key Details

Property Type: Commercial

Sub Type: Office

Listing Status: Active

Purchase Type: For Sale

Square Footage: 38,605 sqft

Price per Sqft: $108

Lot Size: 4.480 Acres

Year Built: 1982

MLS Listing ID: 3825266

Total Units: 3

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.

Location

State: CO

County: El Paso

Zoning: PBC

Direction: Located on the northeast corner of the intersection of South Union Blvd and Eastlake Blvd (South of Pikes Peak Ave, North of Fountain Blvd).

Multi-Unit Info

Total Units: 3

Vacant Units: 1

Exterior

Garage: Asphalt,Circular Driveway

Utilities Available: Electricity Connected,Natural Gas Connected,Phone Connected

Street Surface: Paved

Road Frontage: Private Road

Parking Type: Asphalt,Circular Driveway

Garage: false

Building

Lot Description: Near Public Transit,Split Possible

Story: 1

Sewer: Public Sewer

Water: Public

Architectural Style: Detached

Structure Type: Block

Others

Tax Amount: $18,178

Tax Year: 2019

Tax ID: 6421205011

Security Features: Panic Alarm

Acceptable Financing: Owner Will Carry

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    Cara Hoherd Equity Colorado
    Cara Hoherd

    Associate Real Estate Broker FA 100067393

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