8062 County Road 48 1/2 Johnstown, CO 80534

Listing details for 8062 County Road 48 1/2, Johnstown, CO 80534 : The Held Farm is approximately 123 acres of development land located at the northeast corner of Downtown Johnstown. The property is annexed into Johnstown designated as "Holding Agriculture" until ready for development. The property is in the Downtown Development Area and slated for mixed-use/high density residential development. Town officials have indicated that they would like to see some commercial development to connect to the existing downtown area and residential that would be developed on this property. The property is walking distance from current Downtown and just down the road from new community recreation center. Along with the land, the property includes 150 acre feet of potable water credit. Town would be supportive of non-potable irrigation system served by Hillsborough water. The 150 AF of water credit could serve 300 single family units without a non-potable system and an estimated 450 units with one. Current water market in Johnstown is near $75,000/AF giving this water a retail value of over $11 Million for potable credits.