1785 N Academy Blvd
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1785 N Academy Blvd
Colorado springs, CO
Available
- Property Type: Development/Land
- Property Size: / 3.22 Acres
Overview
1785 N. Academy Boulevard is located in the East Colorado Springs neighborhood. This neighborhood is known for its array of amenities, schools, and housing opportunities. East Colorado Springs is an accumulation of the best parts of the city:
retail, dining, entertainment, and outdoor play. The Powers corridor, located less than a mile from the property, offers a variety of shopping and dining experiences. Palmer Park is also located in this neighborhood, and its trail system is popular among hikers, runners, and mountain bikers. Entertainment of all kinds is on every block in East Colorado Springs. Museums, skate parks, Olympic training centers, and golf courses are all nearby. 1785 N. Academy Boulevard is five miles away from downtown Colorado Springs, and has easy access to both I-25 and highway 24. In this neighborhood, the average home is on the market for four days and the median home sale price is $405,000
Investment Highlights
- Homestead Trail access directly from the site, running creek side and offering paved trails stretching from Lilac St at Shooks Run to Bradshaw Rd at US 24.
- Located in supply restricted area – only 50 units in planning within 1.5 mile radius.
- Walking distance to Thomas Maclaren School via adjacent Canal Path.
- Fantastic value-add or covered land opportunity: $160k annual NOI with majority of leases expiring by the end of 2022.
