Photos
$2,900,000
MLS: 05022-10335
12.83 Acres
5,200 SqFt
0.5 baths
Palisade, Colorado, is one of the most sought-after destinations in Western Colorado, with a booming economy, strong tourism, a scenic setting, and excellent water rights. Palisade is a popular destination for relocation. This 12-acre parcel is perfectly situated within Town of Palisade city limits, less than ½ mile from the I-70 interchange, with outstanding irrigation rights, a thriving peach orchard, and a large processing building and loading docks. The property can either continue as a high-producing peach orchard, or transition into a more highly developed property. Palisade is a small community on the east end of the Grand Valley, which has over 150,000 population surrounding Grand Junction.
Interstate 70 follows the Colorado River through Western Colorado, gathering water from various creeks and rivers until it crosses into Utah as a mighty river. The Colorado River funnels through DeBeque Canyon for 20 miles until the canyon walls open up at Palisade. At only 4,700 feet in elevation, Palisade enjoys much warmer weather than many parts of the state. The climate is very conducive to raising world-famous Palisade peaches, along with many varieties of wine grapes and tasty vegetables.
This 12-acre parcel is actually comprised of three different parcels—7.12 acres, 2.5 acres, and 3.21 acres, for a total of 12.83 acres. The largest parcel is zoned “AFT—Agricultural, Forestry, Transitional”, with a 5,200-square-foot fruit packing shed (built in 2008) with loading bays and a large covered apron for processing fruit. The other two parcels are zoned agricultural. Current zoning allows for 2.5 units per acre and single-family residential detached homes, as well as upper-story residential, is a use by right. Most non-residential usage is conditional on approvals. Wineries, tasting rooms, and B&B’s are a use by right. The property can be re-zoned through a Planned Unit Development for higher density, which would require a full subdivision application with the Town of Palisade. The parcel is already served by Town of Palisade water and sewer. Real estate prices are among the highest in the Grand Valley towns of Grand Junction, Clifton, Fruita, Loma, and Palisade, and demand for higher-end housing is very strong.
Jake Hubbell, ALC