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97240 E 96 Ave Fort Morgan, CO 80701

For Sale
$1,970,000

Land with CRP, pasture, hunting, wind lease income.

Lot size:
1,875.57 Acres

Property Features for 97240 E 96 Ave

General Information

Lot size
1,875.57 Acres

Source: Colorado Land Realty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Income-Producing Land with Development Potential

This property offers multiple income streams, including Conservation Reserve Program (CRP) payments, pasture and hunting lease revenue, and a wind energy lease. The property is enrolled in the CRP program, which expires on September 30, 2030, and generates an annual income of $20,306. The CRP program could be withdrawn for farming or grazing by paying a penalty of approximately $29,000. The pasture and hunting lease provides an annual income of $13,305, consisting of $13.00 per acre on 295 acres for grazing and $5.00 per acre on 1,894 acres for hunting. A wind energy lease with NextEra Energy is in place through September 21, 2030, offering potential for commercial wind tower development. The annual lease payment for years 1-5 is $3.00 per acre ($5,760), and for years 6-8, it increases to $5.00 per acre ($9,600). Development could allow for one tower per 160 acres, potentially generating $15,000 per year, while also allowing the CRP program, farming, or grazing to continue. The property includes 100% of the mineral rights on section 22, pending offer. There is a stock well drilled in August 2014 that is 40 feet deep and producing good stock water, and a domestic/stock well drilled September 2024 that is 40 feet deep test pumped 10 gpm. The 2025 taxes are $4,507, or $2.40 per acre.
Location Intelligence

Current Use by Public Records

Hunting land

Map

City
Fort Morgan
County
Morgan
State
Colorado
Longitude
-103.816
Latitude
40.1574

FAQs

What type of property is this?
Agricultural land - Land with CRP, pasture, hunting, wind lease income.
Where is this agricultural land located?
The property is located at 97240 E 96 Ave Fort Morgan, CO.
What is the asking price?
The asking price for this property is $1,970,000.
What are key features of this property?
This property features: - Significant annual income from multiple sources: CRP, pasture/hunting lease, and wind energy lease.; - Potential for increased wind energy income with tower development, paying $15,000 per tower per year.; - 100% mineral rights included on section 22 (pending offer).
More about this property
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