INVESTORS & BUILDERS—THIS IS THE ONE! Rare infill development opportunity in the heart of the city! This vacant lot is zoned for a 4-plex and is ideally situated between existing multi-family properties, making it a prime location for your next investment project. Opportunities like this are extremely hard to find in an established area with strong rental potential. To help streamline your due diligence, preliminary development information, including proposed site layout and building setback requirements, has already been reviewed and confirmed with PRBD and is available in the attached supplements. Conveniently located, easy to find, and full of potential, this property offers an incredible opportunity to build an income-producing asset in a highly desirable location. Save time, bring your vision, and start planning your next project today—lots with this zoning, location, and development groundwork already in place don't come around often! Don't miss your chance to capitalize on this exceptional opportunity.
Vacant landProperty Type
8,794 sq ftLot Size
$16Price/Sq.Ft.
Listed by Aracely Arvizu• Equity Colorado Real Estate
Pikes Peak Park, located between South Nevada Avenue and Interstate 25, is a residential and industrial Colorado Springs neighborhood with a rail-lined edge and wide-open Front Range views. The neighborhood’s character concentrates around the South Nevada Avenue corridor near the I-25 ramps, where auto shops, taquerias, and small storefronts set a working-day rhythm. Local pillars include Ivywild School, Bristol Brewing Company, and the Fine Arts Center at Colorado College. Housing leans toward modest mid-century homes and practical infill, with larger lots and utilitarian streetscapes. Side roads lead toward Stratton Open Space and the Pikes Peak Greenway Trail for a change of pace. The setting reads as grounded and functional, with downtown and the mountains framing the horizon.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Property has a view
Exterior features
Wooded lot
Near public transit
Paved city street frontage
Publicly maintained road
Home design
Land property
Construction
Approximately 0.20 acre lot
Utilities
No water source
No utilities reported
Financial info
Annual tax amount reported
Electricity and solar
View estimated energy costs and solar savings for this home
The R-5 zone district accommodates attached and detached single-family, two-family, and multi-family dwelling structures at the highest density permitted in the City's standard residential districts (non-R-Flex). Land uses are as indicated in Table 7.3.2-A (Base and NNA-O District Use Table). It is intended for use in areas adjacent to the FBZ district or R-Flex, Mixed-Use, or PDZ districts where similar or higher densities or intensities of use are permitted.
Permitted uses
Include but are not limited to:
Agriculture
Community / recreation center
Religious facility
Day care facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Housing-Mobile home park
Historical weather
Colorado Springs, CO • 80910
Average low and high temperatures (°F)
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19
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26
64
37
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39
70
46
84
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87
60
84
59
80
53
71
44
55
32
54
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
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Sun exposure
94/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 25% for direct sun exposure in Colorado Springs. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
6.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1860 Monterey Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $275,000 and $395,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $275K to $395K.