97240 E 96th Avenue, Fort Morgan

$1,625,000

0 Beds
0 Baths
1920 Acres
0 Garages

ACREAGE: 1,920 +/- Total Acres (per Adams County Assessor) there is no current survey of the Property. 1,413.10 acres is enrolled into the Conservation Reserve Program (CRP), 295 +/- acres is fenced for pasture and 212 +/- acres in the creek bottom is cut for hay..

IMPROVEMENTS: 40' x 70' round top quonset with cement floor. 2-10,000 bushel grain bins with cement cones.

CRP INCOME: Property is enrolled in the Conservation Reserve Program expiring 9/30/2030. Owner is receiving $20,306.00 annual cash rent however it could be withdrawn for farming or grazing by paying a penalty of approximately $26,000.00.

PASTURE RENT: Owner has historically leased the 295 acres grass and 212 acres creek bottom for approx. $4,000 per year depending on rainfall however it is not leased this year due to the extreme drought conditions.

WIND INCOME: The Property is leased to NextEra Energy for a period of 8 years for the potential of commercial wind towers at an annual lease payment year 1-5 is $3.00/acre or $5,760 and years 6-8 is $5.00/acre or $9,600.00 per year. If developed, potentially one tower per 160+/- acres paying $15,000 per year. Development of the project would allow for the CRP program, farming or grazing to continue.

WATER: Stock well 289177 located in the NW1/4 SW1/4 of Section 22 drilled in August of 2014 is 40 feet deep and producing good stock water. Additional wells would run about $15,000 per well.

MINERALS: Property includes minerals if full price offer, otherwise minerals are negotiable.

TAXES: 2021 taxes are $4,738 or $2.47 per acre.

NOTE: The information contained herein is reliable but not guaranteed by Seller or Broker. This offer is Subject to error, prior sale or withdrawal. Broker is a Transaction (neutral) Broker.

Essential Information
MLS® #4296525
Price$1,625,000
Bathrooms0.00
Acres1,920.00
TypeLot / Land
Sub-TypeUnimproved Land
StatusPending
Community Information
Address97240 E 96th Avenue
AreaFort Morgan
SubdivisionNone
CityFort Morgan
CountyAdams
StateCO
Zip Code80107
Lot Description

Mineral Rights Included, Gas/Oil Included

School Information
DistrictWoodlin R-104
Additional Information
Days on Market639
ZoningA3 Agricultural
GaragesNone
Listing Details
OfficeColorado Land Realty
Office Contact[email protected],303-748-7028
Property History
Status Changed from Active to Pending
Status Changed from Pending to Active
Status Changed from Active to Pending
Status Changed from Pending to Active
Status Changed from Active to Pending
Show All History (6)
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Information deemed reliable but not guaranteed by the MLS.

Listing information last updated on May 17th, 2024 at 7:34am MDT.