Great opportunity - 7.5 quarters outside of Duchess, AB! Here is a rare block of land offering irrigation, cultivated dryland and a solar farm all in one package. Located in an excellent location just off of Hwy 36, 15 minutes north of Brooks. This land has excellent farming potential and offers substantial revenue from solar as well as oil/gas wells. Possibility of adding more irrigation in the future! Total acres: 1177.07. Irrigated acres: 201 (140 under pivot and 61 under wheel lines). Solar acres: 146. Cultivated dryland acres: 709. Non-farmable acres: 121. Irrigation equipment consists of an approximate 1985 Valley 8-tower pivot with upgraded panel (covers 140 acres), two sets of wheel lines (cover 61 acres), and an International 549 pumping unit on natural gas (rebuilt approximately 5 yrs ago). 17 oil/gas wells with an annual revenue of $77,793. 146 acre solar farm with an annual revenue of $74,460 (increase of 2% year over year).
Essential information
MLS® number
A2337552
Status
Active
Price
$8,200,000
Property type
Agri-Business
Type
Agriculture
Transaction
For Sale
Restrictions
Easement Registered On Title
Lot size
51,270,120 sq ft
Listing brokerage
Real Estate Centre
Source
Pillar 9™ MLS® System
Interior
Included
See Comments
Exterior and construction
Zoning
A-GEN
Community
City
Rural Newell, County of
Province
AB
Postal code
T0J0Z0
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Investment calculator
Cap rate, cash flow and the coverage ratio a commercial lender will look at first.
Automated estimate — not a final number. Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date. Please confirm the correct figures with the Munafa team before relying on them — 587-971-7993.
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An estimate from the numbers above, not an appraisal and not financial advice. Operating costs, vacancy and lending terms all move it. Nothing typed here is sent anywhere or saved.
5 photos$8,000,000rural S 18 16 19 W4, Lomond
