524 W Pikes Peak

Rare opportunity in Colorado Springs! This property features a single-family home situated on an expansive 11,000 sq. ft. **R-5 ZONED LOT** offering incredible potential for investors, developers, or homeowners with vision. The R-5 zoning allows for high-density residential development! Whether you're looking to enjoy the existing home, renovate and expand, or unlock the full value of the land through new construction, this property offers unmatched flexibility. The home itself offers main-level living with a finished basement, making it versatile for a variety of needs. Step inside to a spacious living room with fresh paint, a walk-out dining area that opens to the backyard, and a covered front porch perfect for relaxing. The fully fenced yard provides privacy and space for pets, gardening, or entertaining. Recent updates include a **NEW ROOF** and new carpet on the basement stairs and hallway. Located near convenient access to downtown and Old Colorado City, this is a unique chance to secure a large R-5 lot in the heart of the city. Don't miss the chance to own a property that combines immediate livability with long-term development upside!