Land · Active
Olathe, CO 81425
$365,000
Unimproved Land
Property Type
2.27 acres
Lot Size
818923
MLS #
About This Property
Prime Investment Opportunity in Western Colorado's Opportunity Zone! This 2.27-acre parcel in the heart of Western Colorado offers a rare opportunity for investors looking to capitalize on the tax incentives and long-term growth of an Opportunity Zone. Located adjacent to Olathe School and the football stadium, this property is ideally positioned for a high-demand residential development with broad zoning flexibility. Zoned for residential use, the possibilities are nearly endless—whether you're envisioning multi-family units, duplexes, or even an entire residential neighborhood.
With zoning that allows buildings up to 35 feet in height, you can maximize the space with 3-story buildings, capturing stunning mountain views to the south. Key features include: Utilities to the property or nearby Roads on the west and south sides for efficient access and reduced development costs Completed soil testing and a newly finished topographic survey, streamlining the development process The seller has already designed plans for 8-plex apartment buildings, making this a plug-and-play opportunity to build in phases and scale up. Whether your vision includes affordable housing, condos, senior living, or single-family patio homes, this property checks all the boxes for an investor looking to maximize returns while meeting the growing housing demands in Western Colorado. Lock in a secure investment that not only generates income but also qualifies for favorable tax treatment through the Opportunity Zone. This is your chance to shape the future of housing in this fast-growing region—come see the potential for yourself!
731 days on market
Listed by Todd Schroedel · United Country Sneffels Realty · 970-626-3555
Property Details
| Property Type | Land |
| Sub Type | Unimproved Land |
| Status | Active |
| Subdivision | None |
| MLS # | 818923 |
| Days on Market | 731 |
| Lot Size (Sq Ft) | 98,881 |
| Acres | 2.27 |
| Annual Taxes | $5,119 |
| Tax Year | 2023 |
| State | CO |
| County | Montrose |
| Zoning | Other,Residential Multi Family,Residential Single Family |
| Water Source | Public, Tap Available |
Location
Price History
| Date | Event | Price |
|---|---|---|
| 5/16/2026 |
Price change Source: Colorado Real Estate Network (CREN) #818923 |
$365,000 -33.0% |
| 10/21/2024 |
Listed for sale Source: Colorado Real Estate Network (CREN) #818923 |
$545,000 |
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