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Home » Real Estate » CO » Peyton » 80831 » 10985 E US Highway 24, Peyton, CO, 80831
$5,500,000

10985 E US Highway 24, Peyton, CO, 80831

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.
Offered By
Catherine Brown-Swain 719-649-4515, Colorado lifestyle Properties

Property Details

Property Type Land
Status Active
Property Sub Type Unimproved Land
MLS # 2883651

Market Trends

New Properties On Market
38
46% Increase In New Listings
Average Asking Price
$781,721
$184,241 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$237
$58 Increase In List Price/Sq. Ft.
Average Days On Market
9
22 Day Decrease In Days On Market
Data as of Jul 04, 2025. Remaining statistics above are calculated on activity within the period from May 01, 2025 to Jun 30, 2025.
Information deemed reliable but not guaranteed by the MLS. Listing information 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. Data Source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2025 IRES. Property data was last updated on 6/30/2025 at 11:34 am