This would be a cash sale only OR a partnership opportunity.
New off market listing for Pueblo/Pueblo West! This 10.6 acre parcel is zoned agricultural and can currently be used as farmland or a ranch with a single family home, mobile and manufactured homes are allowed. No water shares are needed if kept as a single 10.6 acre parcel.
The address is 706 E Witzer Dr, Pueblo West in Colorado. Water and electric utilities are already in front of the property. Land is not in a flood plain. No HOA.
This land and area has a very high potential for development. Both Single family homes and multifamily/duplex development would be fairly attainable and straightforward.
Basic plans for 20+ duplexes have already been submitted to Pueblo West Metro District and so far so good. For multifamily development, the property cannot go any further at the moment due to not having any Twin Lakes Reservoir & Canal shares for the water supply that would be needed. For multifamily, 10-12 shares would be needed.
This also has a very high potential for single family homes on 1 acre parcels. The single family homes would need 4-5 water shares.
The second water shares are attained, further work towards development can be completed and the value will skyrocket as nearly all developments in Pueblo West are halted due to the Metro District not having any water shares. Pueblo has their own separate water source and Pueblo West does not currently have access to their supply.
I am selling the land for $94,000. I am also very interested in a partnership or joint venture if anyone has the required shares or knows anybody that does have any.
Many opportunities here. Leave it as it currently is for a 10.6 acre home with land for whatever you want, subdivide into single family home lots, or develop multifamily duplexes.
Comparable 5 acre lots have been selling for $70k+ and 10 acre lots over $100k.
Please contact me with any questions and interest, this land in Pueblo West will go fast!