1270 Cr 240

Glenwood Springs, CO 81601 / None

MLS ID# 171800 Expired
Commercial Land

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$30,000,000

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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, priv... show more

Location Info

• Type Commercial Land
• 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
• Deeds Special Warranty
• Member Association Aspen Association

General Info

• Sold Price Per/Acre 0
• SubLoc None
• Legal TBD
• Lot SqFt 48917880
• Nbr of Acres 1123
• County Garfield
• Zoning AGRICULTRUAL
• Sold Price Per/SF 0
• Asking Price Per/SF 0.61
• Account # R013124
• Parcel # 212333400026
• Directions Located just east of New Castle exit property is located on both sides of I-70 & along the river.

Financing Info

• Metro Tax District No
• Taxes 4682.08
• Tax Year 2020
• Transfer Tax No
• Earnest $/% 1,000,000
• Earnest $ Payable To Commonwealth Title
• HOA Dues Y/N No
• Total HOA Fee Per Year 0

Details

• Allowable Uses

  Business w/RE, Hospitality, Hotel/Lodge, Income, Industrial - Light, Mixed Use, Multi-Family Res, Office, Restaurant/Bar, Retail, Warehouse

• Access

  4WD Recommended, Private, Unpaved

• Electric

  Electric at Property

• Gas

  Nat Gas at Property

• Water

  Well Installed

• Water Rights

  Available, Irrigation

• Sanitation

  Septic Installed

• Mineral Rights

  Yes

• Crops

  Yes

• Extras

  Corrals, Farm Equipment, Fencing, Horse Facilities, Horse Property, Other Residences, Sprinker System

• Possible Use

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

• Lot Description

  Borders Public Land, Flat, Livestock Permitted, Pond, Lake, Spring, River Frontage, Rock Outcropping, View, Wooded Lot

• Approval Features

  No Approval

• Terms Offered

  Cash

• Disclosures

  Leases

• Sign

  No

• Possession

  DOD