The Villas at Skyway offers an exceptional investment-development opportunity in the highly desirable Broadmoor area of Colorado Springs. This 2.11-acre site is strategically located with easy access to top-tier schools, local amenities, and outdoor recreation, making it ideal for high-end residential development. The property is shovel-ready, with approved entitlements and infrastructure in place. It includes 20,807 square feet for 10 residential lots, 58,720 square feet of infrastructure land with roads, stormwater systems, sewer, landscaping, and full utilities (water, gas, electricity, Comcast, and Ethernet). Additionally, 4 townhomes are completed, and 3 more are slated for completion by the end of February 2025, providing immediate rental income. The approved entitlements, installed infrastructure, and townhomes reduce the typical timeline and risks of development. The property also benefits from land indemnification for the entire 17-lot project and a WRAP insurance policy covering future builder defects. This unique combination of completed entitlements, infrastructure, and rental income offers a low-risk, high-reward investment opportunity.
$600,000 per door.