35205 U.S. 40

37+ Acres | HWY 40 Frontage | R-2 Mixed-Use Development Opportunity Prime development parcel with unmatched US-40 visibility and a clear town-identified path to R-2 zoning through annexation. Envision a dynamic mixed-use community: single-family homes, townhomes, and retail/commercial presence along the highway corridor -- perfectly suited for residential-above-retail design. Town infrastructure is within reach, with water and sewer extension feasible. Dual product flexibility, built-in commercial income, and a cooperative municipality make this a rare canvas for the right developer. This is the kind of project that reshapes a corridor. Bold vision required. Seller open to partnership opportunities. Note: One member of the ownership group is a licensed real estate agent in the state of This ~37.34-acre parcel presents a legitimate mixed-use vision under R-2 zoning, indicated through town-identified annexation. Dual product flexibility allows for single-family residential (7,500 SF minimum lot), townhomes (7,000 SF minimum lot), and a required minimum of 15,000+ SF retail/commercial component -- ideally positioned along the highway corridor in a residential-above-retail design that generates sales tax and anchors the project. The town has indicated water and sewer extension is feasible, approximately 3,000 linear feet distant, with an 8" water main on a closed-loop system and 6" sewer main. Streets require a 60' easement with no alleys needed, simplifying site layout. A 35' height restriction applies per FAA regulations due to airport proximity. What truly separates this opportunity is what comes with the land. The property conveys a decreed, adjudicated "wet" water right directly from the Colorado River -- 0.66 CFS with an appropriation date of June 11, 1900, adjudicated May 30, 1972. In a state where water is more valuable than the land itself, a senior 1900 priority date is a generational asset -- one of the oldest and most protected rights on the Colorado River system. This is not a paper right. This water has been used and is real. Perhaps most strategically, this water right may present a compelling negotiating tool in the annexation conversation with the town. A developer with the ability to convey or exchange a senior Colorado River right directly to the municipality could accelerate and strengthen the annexation pathway -- providing the town with the water security it needs to confidently support the project, while simultaneously ensuring the development itself has adequate, legally protected water supply from day one. In a region where water availability is the single greatest limiting factor on growth, this right could be the key that unlocks the entire project. Additionally, the property conveys full mineral rights -- an increasingly rare inclusion in today's market. The seller and listing broker make no representations or warranties regarding development feasibility, lot yield, density calculations, infrastructure costs, annexation terms, approval timelines, water rights, decrees, soil conditions, or any other development-related assumptions. All information contained herein is based on informal discussions with town staff and is provided for conceptual purposes only. Buyers are expressly advised to conduct independent due diligence with the Town of Kremmling, Grand County, qualified engineers, legal counsel, and any other necessary professionals. Any conceptual lot counts, development scenarios, or infrastructure estimates are hypothetical and subject to change based on final engineering, survey, site constraints, and governmental approvals at the sole discretion of the applicable authorities.