Ryndon, NV 89801 - Elko County

Great 1031 Exchange Property! This property has a lot out upside potential. There is a 45" legal easement from the property to the Ryndon Exit. Over 300 acres have surface water rights out of the Humboldt river which passes through it. The old dams and ditches are pretty much non-existent but you can put a pumping station on the river near lands you want to irrigate. In the meantime the water rights are still in good standing and are older rights on the Humboldt River. The river bottom provides a wildlife habitat for many species of birds, including ducks and chuckar which are huntable during their seasons, and mule deer, antelope and many other small game species. The pasture is being rented out on an annual basis and that income gives the opportunity to keep taxes low for the agricultural use. Other future values could be in the gravel that is sure to occupy much of the lower lands. Having the surface water rights can help a gravel operation as when pit lakes are created from removal of the gravel the surface loss can be covered by some of the existing surface rights. Sell gravel and make fishing holes! If you're looking to invest, or create a hay base for a cattle operation with outside pasture, Check this one out!