Christie's International Real Estate - Aspen Snowmass
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About this property

$30,000,000 | 1270 CR 240, Glenwood Springs, CO 81601

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.

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Details

Foremost
Status
Active
Address
1270 CR 240, Glenwood Springs, CO 81601
Location
Glenwood
Area
West of Glenwood
Neighborhoood
None
Zoning
AGRICULTURAL
Measurements
Acres
1,123
Lot Size
48,917,880
Feature Information
Gas
Installed, Natural Gas
Water
Well Installed
Extras
Sprinker System, Fencing, Horse Facilities, Corrals, Horse Property
Mineral Rights
Yes
Water Rights
Irrigation, Available
Finance Information
Taxes
$4,682.08
Tax Year
2020
Transfer Tax
No
HOA
No
HOA Fee Per Year
$0.00
REO
No

Location

Contact Listing ID # 171761
Christie's International Real Estate - Aspen Snowmass
520 Durant Ave, Suite 205
Aspen, CO 81611
P: +1 970.544.5800
F: +1 970.544.8185
info@christiesaspenre.com
Listing Courtesy of Douglas Elliman Real Estate-Hyman Ave
Christie's International Real Estate - Aspen Snowmass
Christie's International Real Estate - Aspen Snowmass
Christie's International Real Estate - Aspen Snowmass
Christie's International Real Estate - Aspen Snowmass
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Christie's International Real Estate
520 Durant Ave, Suite 205
Aspen, CO 81611
P: +1 970.544.5800
F: +1 970.544.8185
info@christiesaspenre.com