1270 Cr 240

Glenwood Springs, CO 81601 / None

MLS ID# 171761 Expired
Agricultural

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$30,000,000

1123 Lot Acres

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• Description
• Location Info
• Keywords Info
• Listing Info
• General Info
• Financing Info
• Details
• Video 1

Description

The Farm on the Colorado is a resource-filled, legacy investment opportunity consisting of an 1,123± acre ranch in the bustling Colorado River valley west of Glenwood Springs. The Farm is likely the largest flat, irrigated expanse on a single, private property in the entire I-70 corridor thru the rugged Rocky Mountain stretch between Denver and Grand Junction and identified in Garfield County's Comprehensive Plan as a prime location for future development. The area is primarily a Ski Country bedroom community, located an hour from the Aspen and Vail areas. While it possesses a Glenwood Springs address, the property is located within the Town of New Castle's Urban Growth Boundary and adjacent to the town border, so depending on a new owner's plans it can be ripe for annexation.This is a large, versatile, farm & ranch that is currently in agricultural use, approximately 1,100 acre-feet of water that irrigates over 300 acres of the valley floor, its boundaries stretching from the Colorado River to the south, all the way to rolling uplands to the north that border BLM lands. Over one mile of I-70 bisects The Farm and an existing interchange is within one mile, so this is a highly visible place. Currently over $100K of rental income from a combination of agricultural, residential, and hunting leases. There is definitely a lot happening on this property, but with nearly two miles of frontage on the Colorado River, a 10-acre lake for water-skiing and SUP, quality hunting, and scenic views, this asset is not only investment-grade real estate, but a sporting ranch to be enjoyed while a new owner positions the property to meet one's investment/development goals. All utilities either in place or immediately accessible. The Farm on the Colorado is a resource-filled, legacy investment opportunity consisting of an 1,123± acre ranch in the bustling Colorado River valley west of Glenwood Springs. The Farm is likely the largest flat, irrigated expanse on a single, priva... show more

Location Info

• Type Agricultural
• Sub-Type N/A
• Major Area Glenwood
• Area 09-West of Glenwood
• Street # 1270
• Street Name CR 240
• City/Town Glenwood Springs
• State/Province CO
• Postal Code 81601

Keywords Info

• Lot Size Refer to Acreage
• Acreage 101 +

Listing Info

• TB% 2.5
• BB% 2.5
• Variable Comm True
• Flat Fee No
• REO No
• Agency Excl Right to Sell
• Member Association Aspen Association
• Deeds Special Warranty

General Info

• Sold Price Per/Acre 0
• SubLoc None
• Legal TBD
• Lot SqFt 48917880
• Nbr of Acres 1123
• County Garfield
• Zoning AGRICULTURAL
• FAR No
• Sold Price Per/SF 0
• Account # R013124
• Parcel # 212328300041
• Directions Located just east of New Castle exit property is located on both sides of I-70 & along the river.
• Asking Price Per/SF 0.61

Financing Info

• Metro Tax District No
• Taxes 4682.08
• Tax Year 2020
• Transfer Tax No
• HOA Dues Y/N No
• Total HOA Fee Per Year 0
• Earnest $/% 1000000
• Earnest $ Payable To Commonwealth Title

Details

• Possible Use

  Apartment, Multi-Family, Ranch, Single Family, Subdivision

• Lot Description

  Borders Public Land, Flat, Horse Property, Livestock Permitted, Pond, Lake, Stream, River Frontage, Rock Outcropping, Rolling, View

• Electric

  Yes:Public

• Gas

  Installed, Natural Gas

• Water

  Well Installed

• Extras

  Corrals, Fencing, Horse Facilities, Horse Property, Sprinker System

• Mineral Rights

  Yes

• Water Rights

  Available, Irrigation

• Crops

  Yes

• Documents on File

  Leases

• Disclosures

  Leases

• Terms Offered

  Cash

• Possession

  DOD

• Access

  4WD Recommended, Private, Unpaved

• Sign

  No