Water-Rich Land
For Sale
$245,000
2 8th Street, Penrose, CO 81240
Land, Penrose, CO
Property SizeContact for details
Lot Size27.93 Acres
Days on Market36
Property Features for 2 8th Street
General Information
Property type
Land
Property subtype
Other
Lot features
360-degree View, Foothill, Level, Mountain View, Vacant Land
Standard status
Active
Lot size
27.93 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
161
Listing Agency:
Brady Realty
Listed By:
Randy L. Brady
(719) 423-9745
Added: Aug 18
Changed: Sep 18
Last Checked: Sep 22 at 2:06PM
MLS# 6397946
Copyright © 2026 Royal Gorge Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 27.93-acre fenced land parcel includes a non-sulfur, 92-degree hot mineral artesian well that flows continuously from 980 feet below ground. The well carries an adjudicated water right of 75 gallons per minute, designated for medicinal and irrigation purposes, with an annual allocation of 121 AF per year. Brush Creek crosses the southwestern portion of the property, and responsible grazing is permitted by the owner.
The property is visible from Highway 50 along its north side and lies 12 miles east of Canon City and 1 mile west of the Highway 115 interchange. The southern boundary adjoins Highway 50, although there is no current access from that highway. A deeded 30-foot easement provides access to the northeast corner. Stated potential applications include solar or wind development, agrivoltaics, an indoor therapy pool, permaculture, underground living, geothermal residential construction, and greenhouse use.
The property is visible from Highway 50 along its north side and lies 12 miles east of Canon City and 1 mile west of the Highway 115 interchange. The southern boundary adjoins Highway 50, although there is no current access from that highway. A deeded 30-foot easement provides access to the northeast corner. Stated potential applications include solar or wind development, agrivoltaics, an indoor therapy pool, permaculture, underground living, geothermal residential construction, and greenhouse use.
Key Highlights
- 27.93‑acre fenced land parcel
- Non‑sulfur 92 degree hot mineral artesian well flowing from 980 feet below
- Adjudicated 75 gallons per minute water right for medicinal and irrigation use
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
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Business Placement
Demographics for 81240, CO
4,366
Population
1,857
Households
2.4
Avg Household Size
50
Median Age
29%
College-Educated
96%
High-School Grad
138.7 sq mi
ZIP Area
31
Density / Sq Mi
$79,514
Median Household Income
$51,364
Median Earnings
$1,364
Median Rent
$282,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Land - Fenced land with a continuously flowing artesian well and adjudicated water rights.
Where is this land located?
The property is located at 2 8th Street Penrose, CO.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 27.93‑acre fenced land parcel; Non‑sulfur 92 degree hot mineral artesian well flowing from 980 feet below; Adjudicated 75 gallons per minute water right for medicinal and irrigation use
