575 S Union Boulevard, Colorado Springs, CO

$4,200,000

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4.48

Acres

About 575 S Union Boulevard

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.

Features of 575 S Union Boulevard

MLS® # 3825266
Price $4,200,000
Bathrooms 0.00
Acres 4.48
Year Built 1982
Type Commercial
Sub-Type Office
Style Detached
Status Active
Features Near Public Transit, Split Possible

Community Information

Address 575 S Union Boulevard
City Colorado Springs
County El Paso
State CO
Zip Code 80910

Amenities

Utilities Electricity Connected, Natural Gas Connected, Phone Connected
Features Near Public Transit, Split Possible
Parking Asphalt, Circular Driveway
Is Waterfront No
Has Pool No

Interior

Fireplace No
# of Stories 1
Stories One

Exterior

Lot Description NearPublicTransit,SplitPossible
Construction Block

Additional Information

Date Listed March 18th, 2020
Days on Market 548
Zoning PBC
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeLive Dream Colorado LLC

Listing Map

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