Colorado land to be sold at auction in Battlement Mesa, Colorado
Real estate buyers and investors have a rare investment opportunity in Western Colorado with the properties offered at auction in Battlement Mesa, a unique Western Colorado community. Built by Exxon in the 1970’s, Battlement Mesa was intended to provide worker housing for a massive oil shale boom as Jimmy Carter’s Department of Energy pumped billions of dollars into oil shale exploration. That venture proved unviable and Exxon pulled out, leaving behind a beautiful community with a variety of neighborhood types. Battlement Mesa has since become a retirement mecca and also offers worker housing for busy Western Slope resort towns. The community has many outstanding amenities, including a beautiful 52,000-square-foot recreation center; 18-hole golf course; miles of Colorado River frontage and boat launch; easy access to National Forest lands; beautiful new medical clinic; new high school; and miles of walking trails and parks. It really is a very pleasant community. Battlement Mesa offers easy access to I-70, Grand Junction Regional Airport, and is only two hours to Aspen and Vail.
LAND AUCTION! Investor’s portfolio sale of real estate assets now for sale
The principal investors of Battlement Mesa have owned and managed a broad portfolio of properties since 1989. It has been a great run, with many satisfied investors and purchasers of various properties, including apartment complexes, mobile homes, golf course lots, luxury home lots, and commercial properties. Now it is time to move on, and the remaining assets of Battlement Mesa are offered for sale.
OFFERED AT AUCTION: Vacant lots, development land, hunting land, golf course lots, commercial property
Battlement Mesa has a great collection of properties for sale, including development parcels with all entitlements, hunting land, golf course lots, commercial property, and properties with excellent potential for conservation easements. The portfolio is interesting and complex, with many different investor angles and opportunities.
Master planned community with all utilities, water rights, streets, roads, and bridges
Battlement Mesa is a master-planned community with a wide range of property types, including luxury home lots, medium-income homes, golf course homes, townhouses and apartment complexes, and mobile homes. By the way, the mobile home neighborhoods are some of the nicest you’ll ever see. Of the original 1,000 or so improved lots, approximately 970 have homes built on them. These remaining properties are all part of a Planned Unit Development (PUD) that was approved clear back in the late 1970’s. Many of the parcels have been plotted into building lots that need only to go through a review process with the local Planning & Zoning commission to begin build-out. Battlement Mesa’s infrastructure has already been built out, with boulevard-type streets, domestic water system, underground electric grid, sewer lines, phone lines, and natural gas lines.
Commercial centers with convenience store, grocery store, office spaces, liquor store, hardware store
Included in the Battlement Mesa offerings are two commercial center totaling about 40,000 square feet, mostly rented with tenants in place. The buildings are well maintained and in good condition. The commercial space has paved parking lots, exterior lighting, metal roofing, and is fairly attractive. Tenants include a grocery store, convenience store, liquor store, office spaces, and one space had a large hardware store but is now vacant.
Real estate auction on October 17, 2020 offers a great buying opportunity
The sellers of these properties have taken an aggressive approach in pricing their portfolio, with a healthy dose of realism. They are real estate experts and have attractively priced the various assets so that new owners can make good investments. The properties will first be offered through a traditional listing cycle. On February 1, 2020, the properties will enter an auction cycle and will be offered through an absolute auction cycle. Buyers who do not wish to compete with other auction buyers are encouraged to make their best offers prior to the onset of the auction.
