1270 CR-240

Glenwood Springs CO 81601

48917880 sq. ft.

Land

Currently for sale - view listing

Overview

"The Farm on the Colorado" is a resource-filled, legacy investment opportunity consisting of approximately 1,123-acres in the bustling Colorado River Valley west of Glenwood Springs, and just one hour to Aspen and Vail. Identified in Garfield County's Comprehensive Plan as a prime location for future development, 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, with over 16 CFS of water rights (that's over 10,800 annual acre-feet) that irrigate approximately 300 acres. 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 and development goals.

Features

48917880 sq. ft. lot size

Land

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