192 acres purchased at I-25 and Prospect Road

FORT COLLINS – A Colorado Springs investment group has purchased 192 acres of undeveloped land at the northwest corner of the intersection of Interstate 25 and Prospect Road.

The owner, a limited liability company called Fort Collins/I-25 Interchange Corner, plans to develop the property in accordance with its current zoning.

Twenty-one acres are zoned for urban estate, 68.6 acres are zoned for low-density mixed-use, 60.9 acres for employment and 26.9 acres for commercial uses.

The land was purchased on April 11 for $1.2 million, according to Larimer County records.

The property already has water and sewer infrastructure, according to a release from Realtec Commercial.

The…