280+/- acres of incredible farm/ development ground, excellent water rights and income-producing minerals, uniquely located just off I-25 in the town of Mead, Colorado. Comprised of approx. 97+/- acres of flood irrigated ground w/ 85+/- acres under pivot irrigation. An 8-tower electric pivot irrigates the centermost part of the property, w/ a 5-tower electric pivot irrigating the remaining NW portion. 10+/- acres suitable for grazing w/ a 12+/- acre pond is on the SW corner of the property. Included in a Metro District and currently zoned Ag, but could easily be converted for future building and/or development opportunities. Premier water rights w/ 5.25 shares of Highland Ditch Co. (w/ one Highland Ditch share entitling its holder to the delivery of approx. 14 AF). Property also comes with 44% of minerals passing to buyer(s) upon sale. Currently, minerals on the property are leased at 18.25% -- producing nearly $20K per month, offering a great source of passive income.
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © Copyright IRES.
Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed by the MLS.
Listing information last updated on June 18th, 2021 at 2:20pm MDT.