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1399 B Street
Penrose CO 81240 US

$1,300,000

Active Listing ID 60346
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Lot: 138.00 acre
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$1,300,000

Active Listing ID 60346
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1399 B Street DEVELOPMENT PROPERTY??? 138+ acres, includes the Donnely Well court decreed and Adjudicated as “Non-tributary groundwater”, and does not affect the flow of the Arkansas river, so as not to require Augmentation (rare water right). Well is re drilled this month all new pipe currently free flowing 60 gallons per minute will improve as old well is capped and filled ! should reach the old ajuduicated 100 plus gal. per minute free flow with water being warm.(80 gegrees ) Usage stated at 143 Acre feet per year with 50% consumptive use. Isince re-drilled and cased, the well water come out hotter and cleaner quality water be had (ask a Well driller from the area)? Water test report available at state now !! with minerals seemingly favorable to growing hemp. 4 parcels of land total 138+ acres.could be Decreed water uses include Domestic, lawn watering, stock watering, and recreational use , could supply a water company to serve RV park or 24 lot subdivision or both ? State permit details general uses of irrigation and stock. Could this water be used to develop a warm water or potential geothermal resort along with growing hemp? Could an RV park and/or subdivision be developed? State Geothermal studies of this area are available, ask Listing agent. Verify all information with your attorney, well drillers and all your experts, and come to your own conclusions!! large under ground electric supply already installed on property ! on site. ???? please call listing agent for info

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Property Features

  • Facts
  • Lot Size: 138.00 acre
  • Property Type: Lots And Land
  • Property Sub-type: Other
  • Features
  • Roof Type: Unknown

School Information

  • School
  • PENROSE(Elementary)
Listing Changed: 9/22/2021 6:57:06 PM GMT
Source Updated Date: 10/17/2021 6:30:01 AM GMT

Courtesy of: JAMES CROSSEY, PROPERTIES OF COLORADO REAL ESTATE INC

Listing Source - ListHub

Copyright © 2021 Royal Gorge Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.