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.
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Listing information last updated on April 18th, 2021 at 3:19pm MDT.