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Exceptional 39+ Acre Investment Property with Water Rights, Two Homes & Future Development Potential! Rarely does a property offer this combination of location, acreage, business flexibility, and long-term investment potential. Conveniently located just one mile from Highway 24 and only minutes from Falcon's shopping, dining, and services, this remarkable 39+ acre property offers endless possibilities. Zoned A-35, the property is ideal for business owners, investors, or those seeking a live/work lifestyle. With valuable water rights, extensive infrastructure, and subdivision potential (subject to county approval), this is a rare opportunity in one of the area's fastest-growing corridors. The beautifully remodeled ranch-style home features an open floor plan with breathtaking Pikes Peak and Front Range views, a spacious living room with a gas fireplace, a private primary suite with a five-piece bath, two additional main-level bedrooms, main-level laundry, and a finished lower level with a family room, additional bedroom and bath, plus flex space for a fifth bedroom, office, or storage. A second residence is ideal for multigenerational living, guests, rental income, or employee housing. The property also includes two wells, two septic systems (4- and 6-bedroom capacities), two electric meters, and a second homesite ready for a custom or modular home. Improvements include a 60' x 100' finished shop with a bathroom and a 50' x 40' insulated drive-through shop with concrete floors, a 12-foot overhang, and oversized overhead doors—perfect for RVs, trucks, heavy equipment, contractor operations, or recreational vehicles. Additional outbuildings further enhance the property's versatility. Whether you're expanding a business, creating a multigenerational estate, or investing for the future, this exceptional property delivers unmatched flexibility, extensive improvements, and outstanding development potential.
Based on information submitted to the MLS GRID as of 2026-07-29T15:04:50Z UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listed by Tina Kepenach (#93ce99bca3359a4a29dc975fd389054a)
Listing Office: The Innovative Group LLC
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