97240 E 96th Avenue, Fort Morgan, CO

$1,625,000

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1920.00

Acres

About 97240 E 96th Avenue

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 and all material for erecting a third 10,000 bushel bin stored in the quonset. 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 Owner is receiving $20,306.00 annual cash rent however it could be withdrawn for farming or grazing by paying a penalty of approximately $26,000.00.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.

Features of 97240 E 96th Avenue

MLS® # 4296525
Price $1,625,000
Bathrooms 0.00
Acres 1,920.00
Type Land
Sub-Type Improved Land
Status Active

Community Information

Address 97240 E 96th Avenue
Subdivision None
City Fort Morgan
County Adams
State CO
Zip Code 80107

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No

School Information

District Woodlin R-104

Additional Information

Date Listed July 30th, 2022
Zoning A3 Agricultural
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeColorado Land Realty
Contact Info7487028@gmail.com,303-748-7028

Listing Map

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