Skip to main contentSkip to navigation
1 / 12

Mixed-Use Land for Sale in Peyton, Colorado

10985 E US Highway 24, Peyton, CO 80831

$5,500,000
35 acres
Active sale
Est $37,154/mo

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 US Highway 24
Community
Colorado Springs
School district
District 49
Elevation
6,793 feet
Coordinates
38.9189, -104.6217

Directions

From Colorado Springs, take Highway 24 east just passed Garrett Road. Property will be on the south side of the road.

Property details

Acreage
35 acres
Zoning
RR-5
MLS #
REcolorado 2883651
Posted

Property taxes

2024
$930

Parcels

  • 53130-00-121

Legal description

Details and features

Listing

Type
Land
Subtype
Improved Land
Current Use
Vacant
Possible Use
Commercial, Multi-Family
Terms
1031 Exchange, Cash, Conventional
Possession
Closing/DOD

Lot

Vegetation
Grassed
Road Frontage
Public
Road Surface
Paved
Road Responsibility
Public Maintained Road
Well Type
Operational
Well Usage
Domestic
Well Permits
59890
Features
Level, Meadow, Sloped, Subdividable

Exterior

Fencing
Full
Horses Allowed
Yes

Structure

Water
Well
Sewer
Septic Tank

Property utilities

CategoryTypeStatus
PowerGridAvailable
SewageSeptic SystemAvailable
WaterPrivate WellAvailable

Listing history

DateEventPriceChangeSource
June 15, 2025New listing$5,500,000PPAR
Subscribe to listing updates

Payment calculator

This 35-acre property is located at 10985 E US Highway 24 in Peyton, CO 80831. The property is available for sale for $5,500,000 with a price per acre of $157,143.

Checked 1 hour ago — Updated

Report listing issue
REcolorado

Based on information submitted to the MLS GRID as of Apr 19, 2026 3:00 pm MT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. View more

Contact agent Rules
By submitting, I agree to the terms of use and to be contacted by real estate professionals. Message and data rates may apply.
Contact