0 Tbd Crk A-33 Rd Raton, NM 87740
This exceptional 1,600-acre ranch, located approximately three miles south of the New Mexico-Colorado border and 25 minutes east of Raton, NM, presents a unique investment opportunity. Easily accessible via a county road off State Highway 72, the property sits within New Mexico Game Management Unit 57, offering over-the-counter elk tags (with landowner authorization). Mule deer and pronghorn tags are also readily available. The ranch boasts diverse terrain, ranging in elevation from 7,500 to 8,000 feet, encompassing open meadows, oak brush thickets, and pine and fir-lined ridges. Water sources include numerous dirt tanks, year-round springs, and seasonal drainages, supporting abundant wildlife. Panoramic views of southern Colorado are visible from prominent points along the northern boundary, which adjoins a state lease section with maintained recreational lease rights. Existing improvements include a small home and shed with negligible value, a hand-dug well, spring-fed pond, and a small corral and catch pens. While a summer grazing lease exists with a neighboring owner, the property has been largely vacant for an extended period. Electrical service to the residence could be reinstated. The Johnson Mesa area is renowned for successful big game hunts. This property offers a compelling combination of recreational potential and investment value, making it an attractive acquisition for discerning buyers. The asking price is $2,940,000.
Cap rate
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