County Rd V Rd Colby, KS 67701
- Land
- 167.80 lot acres
Current Use by Public Records
- Land
Property Details for 0 County Rd V Rd
- Lot size
- 167.80 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This 167.8-acre Kansas farm presents a compelling investment opportunity. Located less than 10 minutes northwest of Colby, Thomas County, (zip code 67701), this property features an established stand of native grass currently enrolled in the Conservation Reserve Program (CRP) until September 30, 2035. The existing CRP contract generates an annual payment of $7,064, which will transfer to the new owner. The property's excellent grass cover provides a suitable habitat for wildlife, including pheasants and deer. Further enhancing its income potential, the land is also enrolled in the Kansas Department of Wildlife, Parks and Tourism's Walk-In Hunting Program, generating additional annual revenue. Existing terraces are in good condition, suitable for potential future agricultural use after the CRP contract expires or if a buyout is pursued. This property is ideal for expanding an existing farming operation or diversifying a financial portfolio. The asking price is $285,260. The property is conveniently located at County Road V Road, Colby, KS.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Colby
- County
- Thomas
- State
- Kansas
- Longitude
- -101.092
- Latitude
- 39.438
