Pad Site in Grocery-Anchored Retail Center

Pursue an advantageous development opportunity with this flexible 3.31-acre pad site within the Pioneer Plaza shopping center at 1109 N Circle Drive in Colorado Springs. The cleared lot allows investors to claim a piece of this thriving retail destination and join a performing tenancy that includes a Safeway Anchor, an Extra Space Storage, an Ace Hardware, and a McDonalds, alongside popular local businesses. Zoned MX-M-CU, the site provides versatility for retail, office, multifamily residential, and civic uses. Pioneer Plaza presents a perfect location for new commercial development, situated within a dense commercial cluster near major transportation networks and traffic-driving attractions. Dozens of national retail brands line the nearby Platte Avenue and Academy Boulevard commercial corridors, and the property sits just 1 mile from the Citadel Mall, Southern Colorados largest retail center with over 100 household-name brands. In addition to top-quality shopping experiences, potential customers flock to the area to enjoy excellent outdoor recreation at Memorial Park and the Valley Hi and Patty Jewett Golf Courses, which are less than 10 minutes away. Academy Boulevard and Platte Avenue also provide convenient connections from the areas busiest highways, including U.S. 21 and U.S. 24, as well as Interstate 25. These bustling thoroughfares also allow elevated customer traffic to reach Pioneer Plaza from the Petersen Air Force Base, the Air Force Academy, and the U.S. Olympic and Paralympic Training Center. Colorado Springs East Submarket offers a robust recent performance in retail sectors, with vacancy rates of just 7% and rents rising 1.9% over the past 12 months. This reflects a lucrative and stable investment market for new retail development. Additionally, the submarket presents exceptional liquidity, with 51 transactions and over $44 million in sales volume during the past year. Demonstrating strong support for area retailers, the 3-mile population of more than 126,000 drove collective consumer spending of more than $1.5 billion during 2024, with over $1.2 billion spent in retail segments. Dont pass up this rare chance to create a dream commercial development at 1109 N Circle Drive, offering a fantastic, high exposure location, flexible zoning, and placement within a stabilized, grocery-anchored shopping center. Property tours are by appointment only. Please contact the listing broker to schedule.