E Fountain blvd - Residential LAND FOR SALE


Colorado Springs, CO 80910- SE Colorado Springs770,576 SF
$9,290,000 USD
385-206-6223
E Fountain blvd, Colorado Springs, CO for Sale
$9,290,000 USD
Residential LAND - FOR SALE
1/17
770,576 SF

E Fountain blvd
Colorado Springs, CO 80910
SE Colorado Springs


HIGHLIGHTS

  • Prime 17.69-acre property featuring a fully entitled site for a 322-unit multifamily development composed of one-, two-, and three-bedroom units.
  • Highly sought-after land situated on a signalized intersection on East Fountain Boulevard and South Union Boulevard, just off Highway 24.
  • Pristine location that’s only five minutes from Downtown Colorado Springs, offering proximity to restaurants, parks, schools, and Fort Carson.
  • Colorado Springs has experienced significant economic expansion, driven by growth across key sectors such as education, hospitality, and construction.

OVERVIEW

Cheyenne View is a fully entitled multifamily development site for sale in Colorado Springs, Colorado, offering a rare opportunity to acquire land in one of the region’s most desirable locations. The property is entitled to a garden-style multifamily community totaling 322 residential units, consisting of 182 one-bedroom units, 122 two-bedroom units, and 18 three-bedroom units. The approved site plan also includes 401 parking spaces, comprising 221 garage spaces and 180 surface stalls, supporting strong resident convenience and long-term marketability. Planned community amenities include a resort-style pool, basketball court, pickleball court, dog park, and tot lot, positioning the project to meet modern renter demand and maximize leasing velocity. Located in Colorado Springs, a city with a population exceeding 488,000, Cheyenne View benefits from a strong, diverse economic base supported by military installations, healthcare, education, tourism, and regional employers. The area offers exceptional lifestyle appeal, with proximity to the Cheyenne Mountains, multiple state parks, and outdoor recreation destinations such as hiking, scenic overlooks, and whitewater rafting. Residents enjoy access to year-round cultural attractions and outdoor adventure activities, all of which contribute to Colorado Springs’ reputation as one of the most livable and fastest-growing markets in Colorado. Cheyenne View is strategically positioned just off Highway 24, providing efficient connectivity. The site is located approximately five minutes from Downtown Colorado Springs. Cheyenne View is also situated near local schools, Colorado College, Garden of the Gods, Memorial Park, golf courses, and extensive trail systems on Cheyenne Mountain, further enhancing its appeal to future residents. The property’s access to public transportation creates additional value, allowing residents to travel conveniently throughout the city without relying on personal vehicles. The fully entitled land offering represents a compelling opportunity for multifamily developers and investors seeking a high-quality, well-located development site in a growing Colorado Springs submarket with strong long-term fundamentals, limited entitled land supply, and continued population and rental demand growth.

FOR SALE DETAILS

PRICE

$9,290,000 USD

PRICE/ACRE

$525,155/AC

PRICE/SF

$12 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Cheyenne View

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Commercial, Mixed Use, Multi-Family, Apartment Units, Apartment Units - Condo, Hold for Development, Single Family Development

LAND ACRES

17.69 AC

LAND SF

770,576 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

MX-M

APN/PARCEL ID

64213-00-029,64213-08-004,64213-08-005,64213-08-006

ASK ABOUT THIS PROPERTY

Dylan ZollingerProsperaMore Info
385-206-6223

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Dylan ZollingerProsperaMore Info
385-206-6223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.