This 35-acre parcel presents a rare and strategic opportunity for developers seeking to capitalize on the explosive growth between Colorado Springs and Falcon. Located just minutes from both markets, the property sits in the heart of one of El Paso County’s fastest-developing corridors, where residential subdivisions, retail centers, and mixed-use projects are rapidly expanding to meet increasing demand. With two existing wells and water rights, this property offers a critical head start in a region where water access often defines the pace and scope of development. Potential for a variety of commercial uses—including retail centers, light industrial, mixed-use developments, or even a master-planned community with integrated commercial zones. The proximity to Powers Boulevard, Highway 24, and the ever-expanding Falcon Town Center makes this parcel especially attractive for developers looking to serve the growing population east of Colorado Springs. The area is already seeing substantial investment in infrastructure and services, creating a strong foundation for future growth. Given its size, access to water, and prime location, this property is perfectly positioned to meet the region’s surging demand. This parcel offers the space, resources, and location to support a bold vision.
Lot/land
$5,500,000
10985 E US Highway 24, Peyton, CO 80831
--beds
--baths
35Acres
Improved Land
Built in ----
35 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Water rightsFastest-developing corridorPrime locationExisting wells
- 54 days
- on Zillow |
- 34 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: June 17, 2025 at 11:48am
Listed by:
Catherine Brown-Swain 719-649-4515,
Colorado lifestyle Properties
Source: REcolorado,MLS#: 2883651

Travel times
Facts & features
Property
Features
- Fencing: Full
Lot
- Size: 35 Acres
- Features: Level, Meadow, Sloped, Subdividable
- Residential vegetation: Grassed
Details
- Parcel number: 5313000121
- Zoning: RR-5
- Special conditions: Standard
- Horses can be raised: Yes
Utilities & green energy
- Water: Well
- Utilities for property: Phone Available
Community & HOA
Community
- Subdivision: Colorado Springs
HOA
- Has HOA: No
Location
- Region: Falcon
Financial & listing details
- Annual tax amount: $930
- Date on market: 6/17/2025
- Listing terms: 1031 Exchange,Cash,Conventional,Other
- Ownership: Individual
- Electric utility on property: Yes
- Road surface type: Paved
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