The Colona Ranch is located just 10 minutes south of Montrose in the direction of Telluride, Ridgway, and Ouray at the intersection of us 550 and County Road 1. The property has multiple points of access off County Road 1 and highway frontage off of 550 giving the ranch high development potential. One of the many highlights of the ranch is its priority water rights. With 13.5 shares of the Agency Ditch the ranch boats the number 1 water right on the Uncompahgre River irrigating 155 lush acres on the 203-acre ranch. With the nearest town of Montrose all the amenities you could ever need like a Wal-Mart Super Center, Target, Natural Grocers, and the largest recreation center in western Colorado. All this while at the gate of the San Juan Mountains to endless recreation. Stunning southern views and Storm King Peak just to the east. This ranch also holds potential for a valuable conservation easement with its prime wintering ground for hundreds of elk and mule deer that can been seen on the ranch in the later winter months. An excellent building site atop a hill overlooking the entire ranch and Colona. This is a ranch you do not want to miss!