$3,100,000
$3,495,000
11.3%For more information regarding the value of a property, please contact us for a free consultation.
1.25 Acres Lot
SOLD DATE : 08/30/2023
Key Details
Sold Price $3,100,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Cullen Subdivision Exemption
MLS Listing ID IRE3264771
Sold Date 08/30/23
HOA Y/N No
Annual Tax Amount $3,872
Tax Year 2021
Lot Size 1.250 Acres
Acres 1.25
Source ires
Property Description
Best location in Grand County! DC zoned 1.62ac development parcel with current rental income on Vasquez Creek. New zoning code allows 32 units/ac, 85% coverage ratio & 55 ft height. Potential for mixed use, multifamily, alpine club, commercial, small hotel site, larger luxury multifamily, vacation club, affordable housing. Next to pending Cooper Creek Village FDP with its town to resort gondola landing site & ski back trail ending across the street at resort owned property. Property across the street is shown in new Town and Resort master plans as gondola landing site - see documents. $75k in current net annual rental income with potential for more. One of a kind property in the very best location in Grand County. Property lines in photos are general in nature and will vary. See attached plat
Location
State CO
County Grand
Community Cullen Subdivision Exemption
Area Out Of Area
Zoning AB2
Direction US40 to Vasquez Drive. West one block to the intersection of Vasquez Drive and Lionsgate Drive. Property is located on the northwest corner of this intersection.
Exterior
Utilities Available Electricity Available, Natural Gas Available
View Y/N No
Garage No
Building
Lot Description Corner Lot, Level, Abuts Stream/Creek/River, Paved
Sewer Public Sewer
Water City
New Construction false
Schools
High Schools East Grand 2
School District East Grand 2
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
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201 Coffman Street # 1902, Longmont, Colorado, 80502, United States