Cosgrave hay farm ~ SOLD

Listing Price: $2,100,000

Location: Pershing County, NV

Acreage: 2,218 Acres

The Cosgrave Hay Farm consists of 2,218 deeded acres located on the north side of Interstate 80, two hours east of Reno, NV and 15 miles from Winnemucca, NV. The property is zoned industrial and has been primarily used for high quality hay farming operation. The underlying possibilities for future industrial/commercial use are endless with direct I-80 interchange access, rail access, two hours to Reno, 15 minutes to good schools and medical facilities, and most importantly excellent water rights!
The water entitlement is for 1,615 AFA (acre feet annually), in the Imlay Basin, providing enough water to farm the 445 acres of alfalfa currently under production under three pivots. After the fourth cutting any excess water is used for pasture grass before cows are brought in for grazing in October. Grazing on the property is leased year to year to neighbors.
There are 2 Ag wells and 1 domestic well on the property. Both wells are strong and reliable; Ag well #1 pumps 1,900 GPM and Ag well #2 pumps 1,500 GPM. The aquifer is strong enough and there is enough water to run all three pivots simultaneously. A new Zimmatic 9500 pivot has been installed replacing one of the existing three Valley pivots.
The entire ranch has been approved by Pershing County for industrial use. Current taxes on the property are less than $100 per year as the ranch is operating under an Ag exemption.
This is an excellent producing hay farm with exceptional underlying value for Industrial/Commercial use. As a comparison similar Industrial property in Fernley, Nevada is being offered at $1.00 per ft.