824 E Costilla Street, Colorado Springs, CO 80903
Local realty services provided by:ERA Teamwork Realty
824 E Costilla Street,Colorado Springs, CO 80903
$155,000
- 0.24 Acres
- Lots / Land
- Active
Office: mason & morse ranch co
MLS#:2480123
Source:CO_PPAR
Price summary
- Price:$155,000
About this home
Urban Infill Redevelopment Opportunity – 824 E. Costilla Street, Colorado Springs. Build your home in the heart of Colorado Springs! This residential lot offers an outstanding in-town location just minutes from vibrant downtown Colorado Springs, where you’ll enjoy popular dining, local breweries, shopping, entertainment, and year-round events. Nearby Memorial Park provides endless recreation opportunities with Prospect Lake, trails, sports fields, tennis courts, and open green space, all set against the stunning backdrop of Pikes Peak. Enjoy concerts, Broadway performances, and community events at Pikes Peak Center, while still having quick access west to the mountains for hiking, fishing, skiing, and weekend adventures. Rare opportunity to own a residential homesite close to urban amenities while embracing the Colorado lifestyle. All city utilities are available to make this fully functional and ready to go for a new build. The surrounding neighborhood is experiencing significant urban revitalization and rehabilitation, making this an exciting opportunity to invest in a rapidly improving area. A structure previously existed on the property and has already been demolished, potentially simplifying future development plans. Don't miss this exceptional opportunity to acquire a strategically located infill parcel in the heart of Colorado Springs. Zoned R-2, this vacant lot offers excellent potential for duplex, paired-home, ADUs, or other residential redevelopment, subject to City approval.
Situated within a designated Opportunity Zone and located in Qualified Census Tract 22, the property may appeal to developers seeking projects in areas targeted for community reinvestment. These designations can provide meaningful advantages such as Low Income Housing Tax credits, depending on a buyer’s investment strategy and should be independently verified.The lot is surrounded by established neighborhoods, existing utilities, employment centers, schools, parks, and convenient access to downtown Colorado Springs, making it an ideal candidate for urban infill development. As available buildable land within the city continues to become increasingly scarce, opportunities like this are attracting builders, investors, and organizations focused on neighborhood revitalization. Whether your vision is market-rate housing or a thoughtfully designed redevelopment project, this property offers the location, zoning, and redevelopment potential to bring that vision to life.
Buyers are encouraged to verify all zoning regulations, allowable uses, development standards, utility availability, Opportunity Zone status, Qualified Census Tract eligibility, and any applicable local, state, or federal incentive programs....
Contact an agent
Home facts
- Listing ID #:2480123
- Added:1 day(s) ago
- Updated:July 20, 2026 at 10:49 PM
Structure and exterior
- Lot area:0.24 Acres
Finances and disclosures
- Price:$155,000
- Tax amount:$775 (2025)
The information being provided by Pikes Peak REALTOR® Services Corp. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Pikes Peak REALTOR® Services Corp.. ERA Teamwork Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of ERA Teamwork Realty, a broker participant of Pikes Peak REALTOR® Services Corp.. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Pikes Peak REALTOR® Services Corp. and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.
The real estate listing information and related content displayed on this site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.
Copyright 2026 Pikes Peak REALTOR® Services Corp. All rights reserved.New listings near 824 E Costilla Street
- New
$575,000Active2 beds 3 baths2,385 sq. ft.2338 Wood Avenue, Colorado Springs, CO 80907
MLS# 2511569Listed by: ERA SHIELDS REAL ESTATE - New
$399,900Active5 beds 2 baths1,824 sq. ft.6940 Grand Valley Drive, Colorado Springs, CO 80911
MLS# 3192847Listed by: REMAX PROPERTIES - New
$625,000Active4 beds 3 baths3,560 sq. ft.6618 Cumbre Vista Way, Colorado Springs, CO 80924
MLS# 3200463Listed by: REAL BROKER, LLC DBA REAL - New
$280,000Active3 beds 1 baths907 sq. ft.29 Goret Drive, Colorado Springs, CO 80911
MLS# 5810159Listed by: THE CUTTING EDGE - New
$300,000Active5 beds 3 baths2,341 sq. ft.4886 Rusty Nail Point #101, Colorado Springs, CO 80916
MLS# 7383239Listed by: THE CUTTING EDGE - New
$469,900Active5 beds 4 baths2,598 sq. ft.6577 Andretti Court, Colorado Springs, CO 80922
MLS# 8439399Listed by: RE/MAX REAL ESTATE GROUP LLC - New
$600,000Active4 beds 5 baths3,377 sq. ft.2226 Glenwood Circle, Colorado Springs, CO 80909
MLS# 3043036Listed by: KELLER WILLIAMS CLIENTS CHOICE REALTY - New
$345,000Active2 beds 3 baths1,448 sq. ft.3330 Templeton Gap Road #39, Colorado Springs, CO 80907
MLS# 2451622Listed by: THE PLATINUM GROUP - New
$507,500Active5 beds 4 baths3,357 sq. ft.6543 Kit Fox Court, Colorado Springs, CO 80925
MLS# 7865816Listed by: YOUR HOME SOLD GUARANTEED REALTY - BARB HAS THE BUYERS TEAM
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
© 2023 - 2026 ERA Franchise Systems LLC. All rights reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each office is independently owned and operated.