This property is under contract and no longer available.

About: This is an excellent investment opportunity to purchase an irrigated farm adjacent to the ever-growing City of Kearney. The farm has a total of 106.26 tax assessed acres (total acreage to be determined by survey prior to closing), the majority of which consist of high-quality Class I & II Hord silt loams. This farm offers more than agricultural potential, due to its close proximity to the City of Kearney. Access along the north is provided by the paved Kearney East Expressway/Nebraska State Highway 10, with a dedicated ingress/egress having already been established. Additional access along the west is provided by paved 2nd Avenue. According to the Nebraska Department of Transportation, the intersection of the two thoroughfares had an average annual daily traffic count within 2022 of 7,015 on the south side of 2nd Avenue. Due to its location along these two transportation arteries, visibility is very good. Additionally, as the farm is located just north of the commercial district of the City of Kearney, it has a significant future development potential for either commercial or residential use, or a combination of the two. While the farm is not zoned, it is located within the two-mile extraterritorial jurisdiction of the City of Kearney and is designated within the future land use plan as a combination of Neighborhood Mixed Use (MU1), Office/Commercial Retail Mixed Use (MU2) and Low Density Residential (LDR). These designations provide a significant number of residential and commercial development opportunities. Historically in agricultural production, the farm includes a total of 65.10 certified irrigated acres within the Central Platte Natural Resource District. Irrigation water is provided by a well which has a registered pumping capacity of 650 gallons-per-minute. Water for irrigation has been historically distributed via gravity flow; however, the eastern portion of the farm would be conducive to the addition of a short pivot irrigation system. A small portion of the farm consists of partially wooded grassland. A small arch-rib quonset and two small grain storage bins are located within the property.

Legal Description: Part of the SW1/4 Section 13-T9N-R16W of the 6th P.M., Buffalo County, Nebraska.

Buffalo County Assessor Parcel Identification Numbers: 560093000 & 560092025

2022 Taxes: $6,306.52

Well Information Per Registration: Registration G-027023, Completion Date 07/10/1990, Depth 218 feet, Static Water Level 32 feet, pumping level 135 feet, 650 gallons-per-minute. The farm includes a total of 65.10 certified irrigated acres within the Central Platte Natural Resource District.

List Price: $1,753,290 ($16,500 per acre based on 106.26 acres)