3020 I-70 Business Loop

Description

Attention developers and builders! Here's an incredible opportunity to participate in one of the largest multi-family development projects in Western Colorado's fastest-growing city. Welcome to 3020 Terrace, where plans for this community are well underway, with 192 townhome units awaiting approval in the heart of Grand Junction. The City of Grand Junction is expected to grant final approval by mid-April 2023, so now is the perfect time to get involved. Most of the time-consuming processes and planning are almost complete, making this a "shovel ready" opportunity for developers to begin infrastructure quickly. The premium accessibility and zoning of the site make it an ideal location for investors interested in a "build and sell" or "build and lease" project. This listing is specifically for the purchase of entitlements to Filing 1 in the 3020 Terrace project. The current Filing 1 site plan comprises 34 lots on 3.14 acres and is a rare opportunity in a fantastic Colorado location. Filing 1 has not yet been fully approved and recorded in Mesa County but will consist of a portion of what is currently known as Mesa County Parcel #2943-093-82-001, 3020 I 70 Business Loop, as well as all of Mesa County Parcel # 2943-093-00-191, known as address 520 30 Road. Sale will be contingent upon final project approval from City of Grand Junction and recording of plat for Filing 1. No infrastructure or improvements are included in the sale. Current site plan designs for the entire project totals 192 townhomes on 13.69 acres. The potential to purchase subsequent filings is also an option. All reports, plans, and completed prep work are part of the sale. Call the listing agent for more details today!