
Mixed-Use Land for Sale in Peyton, Colorado
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.
- Listed by Catherine Brown-Swain, (719) 649-4515, Colorado Lifestyle Properties
Location
- Street address
- 10985 E US Highway 24
- County
- El Paso County
- Community
- Colorado Springs
- School district
- District 49
- Elevation
- 6,793 feet
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
TRACT IN W2 SEC 13-13-65 AS FOLS, COM AT SW COR OF SD SEC, TH N ON W LN THEREOF 715.73 FT TO INTSEC SELY R/W LN OF HWY 24, ANG R 28<25' NELY ON SD R/W LN 1515.98 FT FOR POB, ANG R 90< SELY 871.20 FT, ANG L 1750.02 FT, ANG L 871.20 FT TO INTSEC HWY 24 , TH ANG L ALG HWY 1749.67 FT TO POB
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
| Category | Type | Status |
|---|---|---|
| Power | Grid | Available |
| Sewage | Septic System | Available |
| Water | Private Well | Available |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| June 15, 2025 | New listing | $5,500,000 | — | PPAR |











