3961 Co Rd Glenwood Springs, CO 81601
This exceptional 182-acre property, known as the Plus Lazy K Ranch, presents a unique investment opportunity in Garfield County, Colorado. Located just 7 miles from Glenwood Springs and 6 miles from Carbondale, this expansive ranch boasts approximately 140 acres of heavily irrigated pastures and 15 acres of dry-land pastures, ideal for a variety of agricultural uses. A natural spring feeds multiple ponds throughout the property, providing reliable year-round irrigation and creating a thriving habitat for wildlife. The ranch offers stunning, unobstructed views of Mount Sopris and the Roaring Fork River Valley. A significant advantage is the existing 7.4-acre building envelope, conveniently located with easy access to local utilities, and offering potential for immediate income generation. Existing improvements include a primary residence suitable for renovation, along with several shops and outbuildings. The property's commercial component allows for diverse uses, further enhancing its investment appeal. Senior water rights ensure a consistent water supply. This remarkable property is situated within a short drive of Aspen, offering unparalleled access to recreational activities and a vibrant mountain lifestyle. The asking price for this exceptional Colorado ranch is $5,900,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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