5111 Ridge Drive Land

Located at 5111 Ridge Drive in North Pueblo’s desirable Ridge neighborhood, this development-ready parcel offers a rare opportunity to capture significant unmet Class A rental demand. The site currently carries a B-3 zoning designation with an approved special use permit for 4-story, garden style, surface parked apartment development comprising of 285 units across 16.12 acres of land.

Pueblo has seen just one large scale, class A, urban multifamily delivery in over ten years, creating substantial pent-up renter demand in a market where homeownership costs have risen three-fold over the past decade.

Positioned adjacent to I-25, the property benefits from high visibility and easy commuter access from downtown Pueblo and southern Colorado Springs. The location captures approximately 52,000 vehicles per day along the I-25 corridor, providing exceptional exposure for future multifamily residents, and a phenomenal marketing window. Renters will enjoy convenient access to major retailers like Sam’s Club, Walmart, and the Pueblo Mall, alongside popular eating establishments including Chick-Fil-A, Chipotle, and McDonald’s. The location also provides easy commutes to multiple employment hubs such as the expanding Pueblo Memorial Airport Industrial Park, Downtown Pueblo’s government and healthcare sectors, such as the UC Health Parkview Medical Center, various industrial manufacturing employers throughout the county, and the CSU-Pueblo camps at just an eight-minute drive away.

JLL Capital Markets has been appointed as the exclusive investment advisor for the sale of the development site. This development opportunity offers the flexibility to break ground in accordance with the approved site development plan,or amend to their specified design and receive a shorter development review timeline than starting from scratch.