2575 Manila Road , Bennett, CO 80102(Adams County)

CURRENT / The property is designated as Mixed Use zoning according to Adams County long term plan. The home is being rented on a month to month basis at FUTURE USE: $500 per month. The land was once farmed but now is grassland zoned Agricultural A3. The property is not being grazed.

FRONTAGE: The property has approx. 1/2 mile of frontage on paved US Hwy 36 and 2/3 mile frontage on Manila Road currently gravel and maintained by Adams County.

PRICE: $1,120,000.00 or approx. $7,000.00 per acre cash at closing.

MINERALS: Seller believes to owns of the mineral rights but has not had a mineral search and does not Warrant what percentage they own. A title search of the property will reveal mineral right information. Seller is retaining her mineral rights at $7,000 per acre. Offer would have to be higher to consider transferring the minerals.

OIL LEASES: The property is currently leased to Conoco Phillips for oil and gas exploration and contains a 15% royalty. The lease will expire July 16, 2016 unless held by production. No wells have been drilled as of this date.

WATER RIGHTS: All of Sellers water rights, if any, will transfer with the Property to the Buyer. Seller does not have a water decree on the Property and is not warranting the extent of their water rights, however, Seller believes that the water rights are intact and have not been severed from the Property.

IMPROVEMENTS: Electrical and phone are available in the road right of way. Property includes an older home built in 1923 consisting of approximately 960 square feet in fair condition, a 336 square foot older outbuilding, a small grain bin, domestic water well at the house, a livestock well in the pasture (condition unknown), and mature trees surrounding the house.

TOPOGRAPHY: Flat to gently rolling sandy loam soils favorable for farming and development.

TAXES: 2014 total paid land taxes in the amount of $889.36 or $4.43 per acre.

SCHOOLS: Bennett School District 29-J for elementary, middle school and High School.

COMMENTS: This property has an excellent location for future commercial development with Denver International Airport, Front Range Airport, Interstate-70 and Union Pacific Rail Road all in close proximity to the Property.

NOTE: This is a for sale by owner property and is not listed by any broker. COLandRealty is not a Sellers agent. Broker is a Transaction(neutral) broker assisting both Buyer and Seller with through the negotiating and contracting process without being an advocate for either party. The information contained herein has been obtained from reliable sources but, is not guaranteed by Seller or Broker. This offer is subject to error, change, prior sale or withdrawal at the option of the Seller.