575 S Union Boulevard $4,200,000

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    575 S Union Boulevard Colorado Springs, CO 80910

    • 38,605 sq. ft.
    • 4.48 Acres
    • Commercial
    • Listing# 3825266
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    Views: 130 Days On Site: 553

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    Property Details

    Description Tours

    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.

    • General Features
      • Year Built 1982
      • Zoning PBC
      • Building Name Odd Fellow, Life Skills, Lake Liquors
      • Carport Y/N No
      • County Or Parish El Paso
      • Exclusions Stained glass and all furniture unless otherwise specified
      • Tax Annual Amount 18178.0
      • Tax Year 2019
    • Building Features
      • Attached Garage Y/N No
      • Building Area Total 38605.0
      • Construction Materials Block
      • Number Of Units Total 3
      • Utilities Electricity Connected, Natural Gas Connected, Phone Connected
      • Levels One
    • Property Features
      • Covered Spaces 0.0
      • Garage Spaces 0.0
      • Lot Features Near Public Transit, Split Possible
      • Lot Size Acres 4.48
      • Lot Size Square Feet 195105.0
      • Parking Features Asphalt, Circular Driveway
      • Parking Total 0.0
      • Road Frontage Type Private Road
      • Road Responsibility Public Maintained Road
      • Road Surface Type Paved
      • Sewer Public Sewer

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    Neighborhood

    80910 (Colorado Springs) Demographics

    30 Median Age
    5,301 Population Density (per sq. mile)
    28% College Educated
    $36,278 Estimated Median Income
    4,748 Estimated Total Home Owners
    7,216 Estimated Total Renters
    40% / 60% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    30,749 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $255,000 Median Sales Price
    7 Homes Sold
    35 New On Market

    Average Days on Site

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.