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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.
| DAYS ON MARKET | 13 | LAST UPDATED | 7/31/2026 |
|---|---|---|---|
| YEAR BUILT | 1994 | COMMUNITY | Falcon |
| COUNTY | El Paso | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Vented Exhaust Fan, Washer |
| AREA | Falcon |
| BASEMENT | Partial, Yes |
| FIREPLACE | Yes |
| HEAT | Forced Air, Natural Gas |
| LOT | 39.4 acre(s) |
| TAXES | 4089.31 |
| UTILITIES | Electricity Connected, Natural Gas Connected, Natural Gas Available, Phone Connected |
| WATER | Well |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by: The Innovative Group, LLC, 7197491744
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