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Hotchkiss, CO development property for sale

MLS Number: CO252931
Price: $550,000
Price Alt.: 550000.00
Auction Date: 2020-04-04 00:00
Features: Development Potential
Acreage : 30.00
State: Colorado
County: Delta
Status: Active
Property Documents: N/A

Growth Management Area Investment Property
30 acres of Agricultural property with extensive development potential, situated inside the city limits of Hotchkiss. Identified as one of the expansion areas for the town of Hotchkiss, Colorado, it comes with 30 shares of the Short Ditch Water Company, one of the most senior water rights in the entire valley. The Town of Hotchkiss recently extended water and sewer lines to serve this location, anticipating future growth in this identified expansion area, making this is a prime location for future development. In the meanwhile, the property can continue in its agricultural use, guaranteeing low taxes in the interim. The acreage is adjacent to BLM lands to the South.

Expanding Western Slope of Colorado--The North Fork Valley

With the Western Slope of Colorado expanding rapidly, development areas and housing are becoming a looming concern. The appeal of the lifestyle offered in the North Fork Valley draws many. From the beautiful orchards and vineyards to the stunning mountains and Black Canyon of the Gunnison, or the outdoor recreational draws of fishing, hunting, four wheeling, mountain biking, snowmobiling, or cross country skiing, the North Fork Valley has it all within striking distance of four ski areas. Telluride, Crested Butte, Aspen, and Powderhorn mountains are all less than 2 hours away. The North Fork Valley is also seeing an expansion in the Hemp Industry, with many long-time farmers switching to cultivating this new crop.