824 E Costilla Street, Colorado Springs, CO, 80903

Yard

Image Count: 12

$155,000

Highlights
Vacant Land
0.24 ac
824 E Costilla Street, Colorado Springs, CO, 80903 listed by Kem Winternitz ALC
Active
MLS#: 2480123
Tour #3
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Space maker

Property Description

Urban Infill Redevelopment Opportunity – Colorado Springs. Build your home in the heart of Colorado Springs! This residential lot offers an outstanding in-town location just minutes from vibrant downtown Colorado Springs, where you’ll enjoy popular dining, local breweries, shopping, entertainment, and year-round events. Nearby Memorial Park provides endless recreation opportunities with Prospect Lake, trails, sports fields, tennis courts, and open green space, all set against the stunning backdrop of Pikes Peak. Enjoy concerts, Broadway performances, and community events at Pikes Peak Center, while still having quick access west to the mountains for hiking, fishing, skiing, and weekend adventures. Rare opportunity to own a residential homesite close to urban amenities while embracing the Colorado lifestyle. All city utilities are available to make this fully functional and ready to go for a new build. The surrounding neighborhood is experiencing significant urban revitalization and rehabilitation, making this an exciting opportunity to invest in a rapidly improving area. A structure previously existed on the property and has already been demolished, potentially simplifying future development plans. Don't miss this exceptional opportunity to acquire a strategically located infill parcel in the heart of Colorado Springs. Zoned R-2, this vacant lot offers excellent potential for duplex, paired-home, ADUs, or other residential redevelopment, subject to City approval. Situated within a designated Opportunity Zone and located in Qualified Census Tract 22, the property may appeal to developers seeking projects in areas targeted for community reinvestment. These designations can provide meaningful advantages such as Low Income Housing Tax credits, depending on a buyer’s investment strategy and should be independently verified.The lot is surrounded by established neighborhoods, existing utilities, employment centers, schools, parks, and convenient access to downtown Colorado Springs, making it an ideal candidate for urban infill development. As available buildable land within the city continues to become increasingly scarce, opportunities like this are attracting builders, investors, and organizations focused on neighborhood revitalization. Whether your vision is market-rate housing or a thoughtfully designed redevelopment project, this property offers the location, zoning, and redevelopment potential to bring that vision to life. Buyers are encouraged to verify all zoning regulations, allowable uses, development standards, utility availability, Opportunity Zone status, Qualified Census Tract eligibility, and any applicable local, state, or federal incentive programs.

Property Listed By

Kem Winternitz ALC
1762-833-917
230004587

Mason & Morse Ranch Co
0017-829-079
00006534

About Kem Winternitz Fourth generation native of the Pikes Peak region, Kem Winternitz, is an expert in Colorado mountain properties. She has 33 years of experience in the real estate industry, focusing on land, ranches, horse properties and recreational properties. Living and working in the central Colorado mountains has forged her vast experience and excellent reputation as one of the hardest working brokers in the business. Kem has been a member of Realtor Land Institute for 15 years, servi...

Property Details

General Features

Land Type: Vacant Land

Lot Features

List Price: $155,000
County: El Paso
School District: Colorado Springs 11

Description

Lot SqFt: 10,454
Lot Description: Level, Mountain View, View of Pikes Peak
Lot Location: Near Fire Station, Near Hospital, Near Park, Near Public Transit, Near Schools, Near Shopping Center
Street Description: City/Town Road, Paved
Topography: Level
Vegetation: Grass
Extra Features: Sewer Tap Paid, Water Tap Paid

Taxes, Utilities

Tax: $775
Utilities at Prop Line: Electricity Available, Natural Gas Available, Telephone
Water Available: Municipal System

Additional Information

Disclaimer

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824 E Costilla Street, Colorado Springs, CO, 80903

Yard

Disclaimer: The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.