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Mixed-Use Land for Sale in Peyton, Colorado

10985 E Highway 24, Peyton, CO 80831

$5,500,000
40 acres
Active
Est $37,617/mo

DEVELOPMENT POTENTIAL! 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.

Location

Street address
10985 E Highway 24
School district
District 49
Elevation
6,798 feet
Coordinates
38.9187, -104.6211

Property details

Acreage
40 acres
MLS #
PPAR 8842606
Posted

Property taxes

2024
$930

Details and features

Listing

Type
Land

Lot

Features
360-Degree View, Improved Land, Level, Meadow, Rural, Sloping, View of Pikes Peak

Exterior

Structures
Mobile Home

Listing history

DateEventPriceChangeSource
June 15, 2025New listing$5,500,000PPAR
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This 40-acre property is located at 10985 E Highway 24 in Peyton, CO 80831. The property is available for sale for $5,500,000 with a price per acre of $137,500.

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