E Fountain blvd - Cheyenne View 17.69 Acres of Residential Land Offered at $12,637,280 CAD in Colorado Springs, CO 80910

Cheyenne View is a fully entitled multifamily development site for sale in Colorado Springs, Colorado, offering a rare opportunity to acquire land in one of the region’s most desirable locations. The property is entitled to a garden-style multifamily community totaling 322 residential units, consisting of 182 one-bedroom units, 122 two-bedroom units, and 18 three-bedroom units. The approved site plan also includes 401 parking spaces, comprised of 221 garage spaces and 180 surface stalls, supporting strong resident convenience and long-term marketability. Planned community amenities include a resort-style pool, basketball court, pickleball court, dog park, and tot lot, positioning the project to meet modern renter demand and maximize leasing velocity. Located in Colorado Springs, a city with a population exceeding 488,000, Cheyenne View benefits from a strong, diverse economic base supported by military installations, healthcare, education, tourism, and regional employers. The area offers exceptional lifestyle appeal, with proximity to the Cheyenne Mountains, multiple state parks, and outdoor recreation destinations such as hiking, scenic overlooks, and whitewater rafting. Residents enjoy access to year-round cultural attractions and outdoor adventure activities, all of which contribute to Colorado Springs’ reputation as one of the most livable and fastest-growing markets in Colorado. Cheyenne View is strategically positioned just off Highway 24, providing efficient connectivity. The site is located approximately 5 minutes from downtown Colorado Springs. Cheyenne View is also situated near local schools, Colorado College, Garden of the Gods, Memorial Park, golf courses, and extensive trail systems on Cheyenne Mountain, further enhancing its appeal to future residents. The property’s access to public transportation creates additional value, allowing residents to travel conveniently throughout the city without relying on personal vehicles. This fully entitled land offering represents a compelling opportunity for multifamily developers and investors seeking a high-quality, well-located development site in a growing Colorado Springs submarket with strong long-term fundamentals, limited entitled land supply, and continued population and rental demand growth.