333 ''Old Water Tank'' Rifle, CO 81650

Property Details for 333 ''Old Water Tank''

Lot size

22.00 lot acres

Property type

Commercial real estate

Description

This exceptional 22-acre property, located on County Road 333 near "Old Water Tank Hill" in Rifle, Colorado, presents a unique investment opportunity. The land is currently designated as "Other" and requires further subdivision. The sale price is $800,000. It's important to note that water rights are deeded to the City of Rifle as a condition of any future development approvals. This means that prospective buyers will need to factor this into their development plans and work with the city to secure necessary water usage permits. Mineral rights are excluded from the sale, meaning the buyer will not acquire any subsurface mineral rights associated with the property. The property is currently comprised of broken-up parcels, necessitating the filing and processing of preliminary and final plats before any construction or development can commence. This process will involve navigating local regulations and obtaining the necessary approvals from Garfield County. Prospective buyers should be prepared for the complexities and timelines associated with land subdivision and development in this area. The property's location near "Old Water Tank Hill" offers potential advantages depending on the intended use, though buyers should conduct their own due diligence regarding zoning regulations and potential development restrictions. This is a raw land investment requiring significant planning and permitting before any development can begin.