Skip to content
Colorado Springs Real Estate Forum
Account Closed
  • Investor
  • Denver Co. - San Diego Ca.
5
Votes |
9
Posts

How Hard is Rezoning Land in Colorado Springs?

Account Closed
  • Investor
  • Denver Co. - San Diego Ca.
Posted Nov 10 2020, 13:32

Hello Bigger Pockets Community, looking for some help advice on a potential 1031 deal. Getting down to the wire on the identification deadline and came across an off market deal for 10 + acres in Colorado Springs. It's quite rural and undeveloped but the previous owner got it PUD zoned (commercially for restaurant and entertainment). The opportunity has that has been presented involves rezoning to multifamily R-2-5.

Has anyone had any experience with the planning and development department in Colorado Springs? How lofty of a goal is this? Kind of nervous because being in something as illiquid as land always strikes me as risky. The seller has presented this as a tremendous opportunity as long as I can complete the zoning process. Any insights are always appreciated. Grateful for all the help!

Loading replies...