502 Front Street
Castle Rock, CO 80104

Prime Triplex Development Lot for Sale in Castle Rock, CO | Approved Plans | R-3 Zoning

Discover a premier development opportunity in the growing town of Castle Rock, Colorado. Located at 502 Front Street, this 11,891 SF lot (0.273 acres) is zoned R-3 and comes fully designed and approved for two triplex buildings—a total of six 2-bedroom, 2-bathroom units across two stories, each approximately 1,117 square feet.

This shovel-ready multifamily development site includes detailed architectural plans and offers a 2.33:1 parking ratio, making it ideal for builders, developers, or investors looking for a turnkey residential project in one of Colorado’s fastest-growing markets.

Key Highlights:
1. Land for Sale in Castle Rock, CO
2. Total Lot Size: 11,891 SF / 0.273 AC
3. Zoned R-3 – Medium-density residential zoning
4. Approved for 2 Triplexes – 6 total units (~1,117 SF each)
5. 2 Beds, 2 Baths per unit with 2 stories
6. Fully designed and engineered plans included
7. Strong local demand for new housing inventory
8. Excellent visibility along Front Street
9. Convenient access to I-25 and Downtown Castle Rock

Strategic Location:
Situated just minutes from I-25 and a short walk to historic Downtown Castle Rock, the property is surrounded by parks, schools, shops, restaurants, and entertainment venues. This central location makes it attractive for both renters and owner-occupants. The area features a blend of charming historic homes and new developments, creating a well-balanced, walkable community atmosphere.

Investment Opportunity:
With Castle Rock’s population projected to grow by over 13% in the next five years, this lot presents a rare opportunity to meet the high demand for quality multifamily housing. Median household incomes exceed $120,000 in the surrounding area, and housing inventory remains tight—factors that make this project highly attractive to both long-term investors and homebuilders.

Whether you plan to build-to-sell or hold for rental income, this lot is ideal for:
1. Residential developers
2. Build-for-rent operators
3. Small multifamily investors
4. Urban infill builders
5. 1031 exchange buyers

Bonus: Save Time and Costs
This property comes with fully approved development plans, significantly reducing entitlement risk and permitting delays. The design complies with R-3 zoning and leverages optimal site coverage while maintaining a residential character.

Don’t miss this rare chance to secure a pre-approved, centrally located triplex development site in Castle Rock, CO. Contact the Transworld Commercial Real Estate team today for the full offering package.