Property Back to Results Property

8062 County Road 48, Johnstown, CO 80534

$10,200,000

Add to Favorites New Search

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Add to Favorites

Sold Price: $10,200,000
List Price: $11,500,000
Closing Date: Feb 09, 2024
Type: Land
Property Sub Type: Improved Land
Status: CLOSED
MLS Number: IR994456

Refine Search

Property Description

The Held Farm is approximately 123 acres of development land located at the northeast corner of Downtown Johnstown. The property is annexed into Johnstown designated as "Holding Agriculture" until ready for development. The property is in the Downtown Development Area and slated for mixed-use/high density residential development. Town officials have indicated that they would like to see some commercial development to connect to the existing downtown area and residential that would be developed on this property. The property is walking distance from current Downtown and just down the road from new community recreation center. Along with the land, the property includes 150 acre feet of potable water credit. Town would be supportive of non-potable irrigation system served by Hillsborough water. The 150 AF of water credit could serve 300 single family units without a non-potable system and an estimated 450 units with one. Current water market in Johnstown is near $75,000/AF giving this water a retail value of over $11 Million for potable credits.

(303) 522-8226

Search All Properties

Additional Information

Lot Size Acres: 123
Lot Size Sq Ft: 5,357,880
Tax Amount: $4,533
Water Source: Public
Sewer: Public Sewer
School District: Johnstown-Milliken RE-5J
Elementary School: Other
Middle Or Junior School: Other
High School: Other