490 Wine Vly Palisade, CO 81526
- Land
- 1.01 lot acres
Current Use by Public Records
- Land
Property Details for 490 Wine Vly
- Lot size
- 1.01 lot acres
- Property type
- Land
Description
This exceptional 1.01-acre commercial lot in Palisade, Colorado, presents a unique investment opportunity. Located at 490 Wine Valley, this developed parcel boasts 43,995 square feet and enjoys high visibility from Interstate 70. The property is zoned Hospitality Retail, allowing for a diverse range of uses including, but not limited to, restaurants, retail spaces, tasting rooms, bed and breakfasts, places of worship, vehicle sales and service, and wholesale storage and sales. The zoning also permits second-floor residential or office space, offering flexibility for mixed-use development. The lot is ideally situated near Golden Gate (West), the Palisade Peach Shack, and residential neighborhoods. All necessary site improvements are complete, including street improvements, prepared detention, curb and gutter, and utilities (water, sewer, electric, and gas) are in place. A November 2023 appraisal valued the land and a hypothetical 1,846 square foot drive-thru building at $1,900,000. This ready-to-build lot offers significant potential for immediate development and strong returns. The property's APN is 2937-043-43-002. The asking price is $879,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palisade
- County
- Mesa
- State
- Colorado
- Longitude
- -108.358
- Latitude
- 39.1158
