Sold

8062 County Road 48 1/2

Johnstown CO, 80534

$11,500,000


$2.15 per sqft

Sold

123 Acres

Land

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.

994456

MLS ID

August 17, 2023

Listed

February 15, 2024

Updated

Map

8062 County Road 48 1/2
Johnstown CO, 80534

Exterior/Building Features

Lot Size

123 Acres


Lot Features

Railroad Adjacent, Water Rights Included, Mineral Rights Included


Sewer

City Sewer

School Information

School District

Weld RE-5J

Other Property Details

Area Name

Greeley/Weld


Taxes

$4,533


Tax Frequency

Annually


Days on Market

177


Garage

No


View

No


County

Weld


Water Source

City Water, Town of Johnstown


Pool

No


Zoning

Holding Ag


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

2/15/2024

Sold

Listed by Eric McCarty with Front Range Land&Water Consltg
Listing Contact: 9708335911 

The IDX display contains information sourced from Information and Real Estate Services, LLC (IRES) as of 2/15/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase.  Information deemed reliable but not guaranteed by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 2/15/2024 at 8:34 PM UTC

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