Interstate 70 exchange vacant land for sale in Colorado

Commercial or multi family development land for sale in Colorado

Very attractive and ready for development commercial land for sale. Perfect for a Hotel site or hospitality property. River frontage with bike path and or hiking paths ready for development. The land is in two separate tracts already. Great street improvements already installed with gutters and curbs. Property is 3.1 acres and 11.7 acres with total useable acreage at approx. 10 acres. Property comes with 57 water tap approvals accepted and provided by the town of Parachute. Making this property an excellent candidate for multifamily. Owner carry is available depending on terms.

Land for sale in Parachute Colorado interstate exchange

FUTURE NEEDS: Based on the future housing needs, there is adequate land available through future development areas along the Cardinal Way corridor and future Town expansion to the west to meet the bulk of the anticipated growth. While limited land area is available given the level of development in Battlement Mesa and the abundance of public lands that surround the Town, a mix of uses that will allow the Town to meet future demand will need to be carefully monitored as development projects are proposed and reviewed. There is limited information about the current amount of square footage for commercial space within the Town. For example, the types of commercial uses (i.e., restaurant, retail, service, office, etc.) existing in Town, the number of employees, and current vacancy rates. A strategy to address this as outlined in the 2040 Plan, is to complete a commercial assessment and asset report for the Town to have a baseline of information for future economic development efforts. This assessment and asset report would inventory existing commercial uses, categorize types of uses, and identify vacant buildings.