Type: Undeveloped Properties
Agent: Dennis Schick
Company: Alliance ReMax
Price: USD $ 6,435,000
Featured: No

122 acre undeveloped parcel in Loveland, Colorado.  Property Location: Approximately Highway 287 & 66th Street (behind the new Wal-Mart store to be built and completed by early June), Loveland, Colorado.  Parcel numbers 9626231005 and 9626231002.

  

• Property Description: Well located land parcel priced to take advantage of strong growth in Loveland and specifically the activity and interest that the new Wal-Mart will create for the immediate area surrounding the parcel.  Development plan allows for moderately priced homes on an in-fill property.
• Size: 122 acres more or less.
• Zoning: P.U.D. with City of Loveland allowing 581 residential units.  Bubble Plan designating density designed.  Plan calls for 342 Single Family units, 87 Townhome units and 152 Condo units.  Final engineering will take six months from PDP approval.
• Utilities: Water and Sewer - City of Loveland; Gas and Electric - XCEL; All utilities are accessible to site, with all utility easements in place.
• Offsite Cost: New Wal-Mart store will be paying for virtually all offsite costs, with no reimbursement agreements in place.
• Price: The property is priced at $6,435,000, plus a $322,000 street improvement reimbursement, with a total price of $6,757,000.00.  Recent opinion of value from Foster Valuation Company shows market comparables of sold lots in Loveland would indicate gross retail sales from the project exceeding $28,000,000.

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click on pictures for a larger view	click on address for a map to the property
.	Aerial photo of the Loveland parcel.
.	Plat map of the Loveland parcel.
.	Plat map of the Loveland parcel.
.	Plat map of the Loveland parcel.