AGENTS
Property 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.
PROPERTY DETAILS
- Exterior
- 1,123 Acres
- Property Type
- Commercial / Office
- MONTHLY REAL ESTATE TAX
- $390
- ANNUAL REAL ESTATE TAX
- $4,682
- MLS/Listing ID
- 171800
Colorado
NEARBY LISTINGS
1270 CR 240
Glenwood Springs, CO 81601
$30,000,000
391 Faas Ranch Road
New Castle, CO 81647
$980,000
5beds1bath2Partial Baths
Listing Courtesy of Coldwell Banker Mason Morse-Carbondale, Anna Olson - 970-309-4201
390 Faas Ranch Rd Road
New Castle, CO 81647
$120,000
Listing Courtesy of Property Professionals, Luis Arreola - 970-361-8640
349 Faas Ranch Road
New Castle, CO 81647
$160,000
Listing Courtesy of Roaring Fork Sotheby's Meadows, Clinton Carroll - 970-989-3079