Current Use by Public Records
- Land
Property Details for 78 Weld County Rd
- Lot size
- 256.84 lot acres
- Property type
- Land
Description
This exceptional 256.84-acre land parcel in Weld County, Colorado, presents a remarkable opportunity for residential development. Located near the eastern shore of Timnath Reservoir at the intersection of Weld County Road (WCR) 13/Latham Parkway and WCR 78, in Severance, CO 80615, this property is zoned for Sub-Urban Perimeter use and approved for up to 650 residential units. The flexible zoning allows for a diverse range of housing types, including townhomes, villas, duplexes, and single-family homes. A significant advantage is the 15-year vested annexation agreement with the Town of Severance, ensuring a streamlined development process. Furthermore, Severance offers lower impact fees compared to neighboring municipalities, contributing to enhanced project profitability. Traffic mitigation costs are clearly defined on a per-unit, pay-as-you-go basis (excluding WCR 78). The property boasts guaranteed sewer capacity for 517 units, with 232 taps already prepaid, and additional capacity readily available from the Boxelder Sanitation District. Developers benefit from the flexibility to modify the site layout and lot sizes during site plan approval, along with adaptable architectural standards and amenity options. A detailed cost-to-complete analysis is available upon request. This is an exceptional opportunity to acquire a large, well-situated parcel with significant development potential. The asking price is $6,750,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Eaton
- County
- Weld
- State
- Colorado
- Longitude
- -104.812
- Latitude
- 40.5529
