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10985 E Us Highway 24, Peyton, CO – $5,500,000

  • $5.5M Price
  • 35 Acres
  • $5.5M Price
  • 35 Acres

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10985 E Us Highway 24

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.

Listing Office: Colorado lifestyle Properties

Essential Information

  • MLS® #2883651
  • Price$5,500,000
  • Bathrooms0.00
  • Acres35.00
  • TypeLand
  • Sub-TypeImproved Land
  • StatusActive

Community Information

  • Address10985 E Us Highway 24
  • SubdivisionColorado Springs
  • CityPeyton
  • CountyEl Paso
  • StateCO
  • Zip Code80831

Amenities

Utilities

Electricity Available, Phone Available

Exterior

Lot Description

Level, Meadow, Sloped, Subdividable

School Information

  • DistrictDistrict 49

Additional Information

  • Date ListedJune 17th, 2025
  • ZoningRR-5

Listing Details

  • Colorado lifestyle Properties
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Listing information last updated on June 18th, 2025 at 2:03am MDT.