16853 Us-84 , #64

Description

Not far from where the Brazos and Chama Rivers converge in northern New Mexico, lies El Baranco East, a beautiful 270± acre parcel of land. Located between Tierra Amarilla and Chama, the property boasts over a mile of highway frontage, providing easy year-round access. A newer metal barn with electric and water is the singular improvement on the property. There is a water right and stock pond that serves livestock and wildlife alike. Elk and mule deer are routine visitors, allowing hunting with a camera, rifle, or bow. The property is enrolled in the Elk Private Lands Use System (EPLUS) program with its sister property across the highway. In the event of the separation of the two properties, El Barranco East’s new owners would need to enroll in the EPLUS program as a new entity. Due to its location and attributes, the property has several potential uses. Highway access might favor use as a development, private estate, or hunting property. Located near an existing development, the property is a great candidate for a conservation easement. An investment-minded buyer may consider retaining the 440± acre El Barranco on the Chama River property and El Barranco East as a single holding, with several potential conservation plays that could generate generous tax and income benefits. El Barranco is an approximately one-hour drive to Pagosa Springs, Colorado, where there is a full-service private airport, great restaurants, and, of course, the famed hot springs. Santa Fe, New Mexico, is a 90± minute drive south of El Barranco, where you can find a commercial airport, a multitude of great restaurants, and more art galleries per capita than any other city in the world.