8062 County Road 48 1-2

Description

Held/Rieder Farms are approximately 160 acres of development land located at the northeast corner of Downtown Johnstown. The properties are annexed into Johnstown (Rieder Farm still in process) 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. This is a rare opportunity to master plan a mixed use development connecting to a Downtown of a fast growing community in Northern Colorado. WATER: Along with the land, the property includes 1 share of Hillsborough Ditch Company along with 150 acre feet of potable water credit. Current water market in Johnstown is near $72,000/AF giving this water a retail value of over $10.8 Million for potable credits. Buyers interested in purchasing only one of the farms can inquire with listing broker about options seller will consider.