"We See Value Where Others See Vacancy."
A family-owned commercial real estate development company with 30+ years in the Colorado Springs market.
We don't flip. We find commercial properties that have been overlooked, underfunded, or left behind — and we bring them back. Every project is a long-term commitment to the asset and the community it sits in.
We identify aged commercial assets in the Colorado Springs market — vacant lots, distressed buildings, underutilized mixed-use — where others see a problem and we see potential.
From ground-up warehouse builds to full commercial rehabs, we invest the capital and the time to bring properties back to their best and highest use — without cutting corners.
We hold what we build. Our portfolio is a long-term asset base managed in-house — leased, maintained, and operated by the same family that acquired and restored it.
"Forgotten properties don't need to stay that way.
They need the right owner."
Payne & Company has operated in the Colorado Springs market for over 30 years. We are a family business in the truest sense — patient capital, hands-on management, and a long-term view on every asset we touch. We don't answer to investors. We answer to the communities our properties sit in.
Buildings with good bones but years of deferred maintenance. We see the structure, not the surface — and we invest to bring it back.
Long-vacant storefronts, underutilized lots, and properties with title or structural complexity that most buyers walk away from.
Properties with the potential for combined commercial and residential use — maximizing value while serving more of the community.
We prefer direct conversations with owners over listed transactions. If you have a property you're looking to move, we'd like to talk.
Whether you're an owner ready to sell, a tenant looking for space, or a partner with a deal in mind — we'd like to hear from you.