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Unique chance to own an irrigated farmland parcel with Centennial Ditch water shares. Situated half a mile off Hwy 160 with close proximity to the city of Alamosa, Colorado. This fully fenced land boasts exceptional grass growth due to its natural ditch irrigation system. There is a well with a solar pump that has been historically used for watering livestock. The current owners are utilizing a portion of the property for hay cultivation, while the remaining areas are utilized for year-round cattle grazing. With the water shares, this property has the potential to generate income through either a small-scale farming operation or a larger-scale commercial enterprise. Current use and zoning is Agricultural which results in very low annual taxes. The property is situated in the path of future expansion and is close to recent residential development. This location presents an opportunity for either a development project or a long-term investment. Ideal for 1031 exchange funds. Alamosa is a growing city within the San Luis Valley with moderate year-round weather and is home to Adams State College. Wolf Creek Ski Area is just over an hour's drive and receives the highest snowfall in Colorado.