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2 Beds
1 Bath
2,186 SqFt
2 Beds
1 Bath
2,186 SqFt
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Square Footage 2,186 sqft
Price per Sqft $775
MLS Listing ID 3628995
Style 1.5 Story
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1920
Annual Tax Amount $1,129
Tax Year 2024
Lot Size 960.000 Acres
Property Description
The Ranch presents a unique investment opportunity for a future owner with multiple sources of income and development potential. The property offers a combination of agricultural use, long-term wind lease income, and future residential development if desired. The Ranch has a quaint farmhouse originally built in 1920. The home is structurally sound but will need renovation and updating dependent on a future owner's needs. In addition, the property has an extensive set-up of pipe corrals and working facilities including loafing areas, a small barn, and several sheds. The land has extensive road frontage along two county-maintained gravel roads which offers future flexibility to pursue development opportunities.
The Ranch is being sold with a long-term wind lease and all contracts will convey to a new owner as part of a sale. There are 4 windmills under active lease contracts generated annual income through 2045. This area along the eastern plains of Colorado has been very active in renewable energy development with turbines on this property and adjoining properties. Future expansion of energy development in both wind and solar are possible. There is both a transmission line and substation along the southern border of this property. A full breakdown of the current lease and annual income is available to qualified buyers.
Location
State CO
County El Paso
Interior
Cooling None
Exterior
Parking Features Attached
Garage Spaces 1.0
Utilities Available Electricity Connected
Roof Type Composite Shingle
Building
Lot Description 360-degree View, Meadow, Mountain View, Rural, View of Pikes Peak, See Prop Desc Remarks
Foundation Partial Basement
Water Well
Level or Stories 1.5 Story
Structure Type Frame,See Prop Desc Remarks
Schools
School District Calhan Rj1
Others
Special Listing Condition Lead Base Paint Discl Req
Virtual Tour https://www.propertypanorama.com/instaview/ppar/3628995
