Grand Vista Circle , Colorado Springs, CO 80904(El Paso County)

This exceptional west-side land development opportunity encompasses approximately 13 acres across three parcels located on Grand Vista Circle in Colorado Springs, Colorado. Strategically positioned in a desirable growth corridor, the property benefits from MX-N (Mixed-Use Neighborhood) zoning, which provides outstanding flexibility for development. Permitted uses include restaurants, hotels, multifamily residential, medical facilities, offices, and institutional buildings, making this assemblage highly adaptable to a variety of project types.

The well-situated site is in an established community with convenient access to nearby healthcare, residential, and commercial amenities. This strategic positioning ensures a strong demand base for residential and commercial components. The immediate area has demonstrated consistent housing demand, with townhouse and multifamily products appealing to a broad range of buyers and renters, while neighborhood-scale retail and service uses offer additional long-term value. The property also shares a property line with more than 40 acres of city-owned land that connects directly to Sondermann Park.

A proposed development concept envisions a 40-unit upscale townhouse project, providing a compelling balance of profitability and market feasibility. The combination of strong local demand drivers, favorable zoning, and limited supply of developable land on the west side of Colorado Springs enhances the long-term outlook for this site. The local multifamily submarket has posted accelerated demand in recent years, thanks to the areas strong population growth. More than 67,000 residents live within 3 miles of the site, driving positive absorption of 650 units over the past 12 months. With no new units currently under construction, a new development at the subject property will face little to no supply-side pressure.

In summary, the Grand Vista Circle assemblage represents a rare and highly versatile development opportunity in one of Colorado Springs most desirable submarkets. With flexible zoning, a proven demand for residential housing, and strong projected returns, Grand Vista Circle offers investors and developers the chance to deliver a successful, mixed-use community that aligns with the continued growth of the Colorado Springs market.