520 +/- Acres
520± Acres
Adams County, Colorado
$572,000
Description
This property is flat to rolling and is primarily farm ground. Part of the eastern portion of the property is within flood plain which potentially can be converted to Transfer of Development Rights (TDR’s) within Adams County.
Legal Description
Section 17, T2S, R62W
Minerals
There are no mineral rights with this property
Gas Storage
Property is part of an ongoing gas storage lease that provides $12,000 annually with incremental revisions every 5 years in the lease payment.
Farm Lease
Seller will consider a lease back on the property for farming for approximately 5% annually of the purchase price for a 5 year period which could equate to 25% of the overall property price.
Farm Base
Approximate Base acres and payments for 2010 were:
Wheat 209 acres $2626
Oats 1.7 $1
Sunflower 46 $407
Taxes
$1065 Annual