Active, For Sale $1,650,000 - Agricultural, Commercial, Land
Located in Western Colorado, this 167-acre agricultural tract includes premium water rights. Fully irrigated, with shares off the CC Ditch and priority water coming off the Calamity Basin. The high elevation and rich soil currently produce up to 7,000-8,000 small bales of alfalfa yearly. With a population of approximately 600, the charming town of Nucla is situated in a secluded area with panoramic mountain views, but with the metro areas of Montrose and Grand Junction just 2 hours away. For the hunting enthusiasts, large tracts of BLM and National Forest land surround the area, making this a mecca for big game hunting opportunities in the fall. Located in Unit 61 hunting area lends itself to landowner hunting tag allocations, which would be considered one of Colorado’s premium hunting opportunities for mule deer, elk, bear, and upland game birds. For investors, this property is located within a Colorado Opportunity Zone, which offers capital gains tax deferment until 2026, or capital gains tax elimination if the property is held for at least 10 years. Investors will not only make money from rent paid by the farmers, but they will also profit from long-term land value appreciation.