$399,000

170 Crawford Avenue is an approved multifamily development opportunity located in the Security-Widefield submarket of Colorado Springs. The 1.16-acre (50,530 SF) site is approved for a 22-unit apartment community with completed development plans, allowing an investor to move toward construction with substantially reduced entitlement risk. Project approvals are in place and pending final administrative zoning fee payment to achieve full entitlement status. The approved plans call for a modern, efficiently designed three-story apartment building featuring well-proportioned unit layouts, contemporary architecture, and integrated site planning. The project maximizes density while maintaining strong tenant livability and operational efficiency, positioning the asset to compete effectively with newer product in the South Colorado Springs rental market. Crawford Avenue is situated within a suburban residential hub surrounded by well-kept parks and major employment drivers, including the nearby Amazon distribution center. The active community is known for its park-like atmosphere, anchored by Pi-Ute Park, Windmill Mesa Park, and the Big Johnson Reservoir, providing residents with access to open space, recreation, and neighborhood amenities. The location also benefits from proximity to Fort Carson, Peterson Space Force Base, and the broader Colorado Springs employment corridor, supporting consistent rental demand. This offering is ideal for developers seeking a near-term construction start, a streamlined path to completion, and the ability to deliver new construction housing with minimal remaining predevelopment steps. Full approval package and development documentation are available upon request.