This 40-Acre Lot in Western Colorado Is Priced Under $50K
When was the last time you heard of purchasing land in Colorado at just over $1,000 an acre? This 40-acre lot north of Grand Junction is on the market at $49,000. Take a look.
In the Grand Junction area, a 0.25 acre lot in a developed area can easily run you $149,000. The lot here, while located in some fairly rugged terrain, can be yours for just $1,225.00 per acre.
40 Acres In the Black Diamond Mine Area of Western Colorado
If you are interested in "off the grid," this property is for you. These 40 acres are located north of Grand Junction near the Bookcliffs. Nearby fixtures include Grand Junction Regional Airport, a couple of shooting ranges, and tons of Western Colorado hiking.
How To Find It
Okay, that's easier said than done. The maps below don't quite do it justice. According to the listing at Realtor.com, this property can be found by:
- Drive H Road to 27 Â¼ Road then turn North towards the Bookcliffs.
- Travel approximately seven miles.
- It usually takes around 40 minutes if the roads are DRY.
- You will drive past the rifle and pistol ranges and turn a slight left-hand turn.
- The property is located in a canyon and is about a 5-degree angle from the 2 power poles at the roadway.
- Possible access from Debeque.
Potential For This Property
What could one do with this property? Well, that's a wide-open topic. There are a number of nearby properties on profoundly smaller lots that look to be of considerable value. One nearby home on a 13,340-square-foot lot is currently estimated to be worth $454,000. Another on an even smaller lot at 11,315, is estimated to be worth $466,700.
Building a House
According to a March 28, 2023 article from Rocket Mortgage, the average cost of building a home in 2023 was $285,956. The U.S. Census Bureau and the U.S. Department of Housing and Urban Development report the median home sale price for 2022 was $471,200.
Rocket Mortgage adds when building a home, some of the expenses to plan for include:
- Clearing and grading the land
- Building an access road
- Environmental testing
- Additional permits
- Building access to utilities such as water, natural gas, and sewer
I can remember a time when the Mantey Heights area of Grand Junction was nothing more than a bunch of dirt out in the desert. As a matter of fact, it's where I first learned to ride a motorcycle. Fast forward to 2023, and it's rich with new housing and multi-million dollar real estate.
There is such a thing as buying and holding. Given the growth rate of the Grand Valley, it's only a matter of time before the Grand Junction Regional Airport increases in size. Given that inevitability, it seems reasonable these 40 acres could be of interest to someone someday.
Like I always say, this property and its sale is of no consequence to me. I don't own it, don't know who does, and will in no way benefit from its sale. As a resident of Grand Junction, and as the owner of a few income properties, I like to keep my eyes open for possibilities. When something comes along that catches my eye, I tend to assume it may be of interest to you.