Self Storage Land Opportunity – Shovel Ready
1.14 Acres of Commercial Land Offered at $2,000,000 USD in Colorado Springs, CO 80923
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,000,000
- Property Type
-
Land
Listing Contacts
Brian Brockman
Verified Profile
- Property Info
Property Overview
Bang Realty-Colorado Inc is delighted to present a premier investment opportunity: the Colorado Springs Self Storage Land. This exclusive offering encompasses a shovel-ready self-storage development project situated in the rapidly expanding market of Colorado Springs. The chosen location boasts robust demographic figures, with a population exceeding 235,000 individuals within a 5-mile radius, underscoring the area’s dense and growing demand.
Furthermore, market analysis reveals a low saturation level of below 8 NRSF within both 3-mile and 5-mile radii, indica ting significant growth potential and a lack of competitive saturation. This aspect is particularly compelling for investors looking for untapped markets with room for growth and minimal competition.
Adding to the project’s appeal is the presence of over 6,800 multifamily housing units currently under development within a 5-mile radius. This influx of residential development not only highlights the area’s demographic and economic growth but also predicts a swift lease-up phase for the self-storage units, given the anticipated demand from new residents seeking storage solutions.
In essence, the Colorado Springs Self Storage Land Opportunity represents a strategic investment in a market characterized by strong demographic growth, low competition levels, and a clear path to rapid operational success. Bang Realty- Colorado Inc invites investors to seize this unique opportunity to be part of a thriving market and contribute to the shaping of Colorado Springs’ future landscape.
Furthermore, market analysis reveals a low saturation level of below 8 NRSF within both 3-mile and 5-mile radii, indica ting significant growth potential and a lack of competitive saturation. This aspect is particularly compelling for investors looking for untapped markets with room for growth and minimal competition.
Adding to the project’s appeal is the presence of over 6,800 multifamily housing units currently under development within a 5-mile radius. This influx of residential development not only highlights the area’s demographic and economic growth but also predicts a swift lease-up phase for the self-storage units, given the anticipated demand from new residents seeking storage solutions.
In essence, the Colorado Springs Self Storage Land Opportunity represents a strategic investment in a market characterized by strong demographic growth, low competition levels, and a clear path to rapid operational success. Bang Realty- Colorado Inc invites investors to seize this unique opportunity to be part of a thriving market and contribute to the shaping of Colorado Springs’ future landscape.
Property Details
- Property Subtype
- Commercial
Highlights
- • Shovel-ready self-storage opportunity in Colorado Springs, primed for immediate development in a rapidly growing market.
- • Boasts a dense population with over 235,000 individuals within a 5-mile radius, highlighting strong local demand
- • Exhibits a low market saturation below 8 NRSF within both 3-mile and 5-mile radii, offering a competitive advantage with ample growth potential.
- • Surrounded by over 6,800 multifamily units in various stages of development within a 5-mile radius, ensuring a quick lease-up period.
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