Business For Sale

Commercial Real Estate: Non-classifiable


Horse Farm / Ranch - Huge Water Rights!

Hondo, NM

Asking Price: Annual Revenue:
$5,800,000 Not Disclosed

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RE: Horse Farm / Ranch - Huge Water Rights! Broker: Keli Cox BuyRuidoso.com, LLC

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Quick Facts

Asking Price: $5,800,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $5,800,000
Year Established: prior to 1978
Employees: Not Disclosed
Listing Number: 271535468

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Business Overview:

The Hondo Ranch consists of approximately 325 acres of land located just south of the intersection of US 70 and US 380 in Hondo New Mexico. Hondo is between the cities of Ruidoso and Roswell. The ranch is bordered by the Ruidoso River and the Bonito River and the Hondo River. The ranch is made up of an east side and a west side that are connected at the Hondo River. The property also consists of 169.6 acres of water or 546.165Aft of water with 1866 priority rights.

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Property Features and Assets:

EAST SIDE - The "East Side" can be purchased separately and is approximately 203 acres of land which includes 107.2 acres of water at 3.2ft or 343.04 Aft of water from the Rio Ruidoso with dated 1866 priority rights from both a ditch and or a well. This ditch is the Pablo Chavez / Ambrocio Chavez ditch which we control 56.7% of the voting rights. The East side also contains 8.4 acres of water at 3.2ft or 26.88 Acre Feet of water from a well with dated 1952 priority rights. WEST SIDE - Can also be purchased by itself and is approximately 122 acres of land. It also contains 62.5 acres of water at 3.25feet or 203.125 Acre Feet of water from the Rio Bonito with dated 1866 priority rights from both a ditch and our well. We control 100% of the voting rights on this ditch, the Kirkland ditch. The West side also consists of several buildings including; Office, Stallion Barn, Mare Barn, Large House, Mare Motels, Small house and Feed shed. The property consists of a total 169.6 acres of water or 546.165Aft of water with 1866 priority rights.

Market Competition and Expansion:

Property is currently under lease as a horse breeding operation although tenants have vacated the property. Lease will terminate on 12/31/12 or with any sale.

Reason for Selling:

Out of state owners

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Resources:

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