Andrews County 5.5 Sections

Farm/Ranch for Sale
Catylist Listing ID: 30288332
Property Subtypes: Ranch, Other
Gross Land Area: 3,589 Acres
Sale Price: $2,000 Per Acre
Total Price: $7,178,000
Smallest Parcel Available: 3,589 Acres
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: 1.7%
Last Updated: 8/9/2018

Overview / Comments

3589 acres of Andrews County farmland . 3523.87 acres are bid into USDA Conservation Reserve Program through 2027.
Contracts pay $120,500 +/- annually for 9 more years with renewal option.
Grass blend established in 2016 and first payment was in 2017.
Property is also in feasibility for wind farm development. Other possible uses are solar energy, recreational or hunting

Additional Details

Nearest MSA: Andrews
County: Andrews
Taxing Authority: Andrews County Central Appraisal District
Property Located Between: Andrews, TX and Eunice, NM
Property Visibility: Excellent
Highway Access: 2.5 miles of State Hwy 176-Eunice/Andrews Highway.
Site Description: Rolling sandy and clay land with grassland cover.
Area Description: Permian Basin West Texas 8 miles from New Mexico State Line.
Topography: Rolling
Soil Type: Sandy
Water Service: Well
Sewer Type: Septic
Available Utilities: Electric
Easements: Pipelines
Land Ownership: Fee simple
Legal Description: 5.5 Section contact Listing Agent


Contact

Photograph of Listing Agent

Kelly Keesee

RE/MAX Lubbock Commercial Division
The information presented herein is provided as is, without warranty of any kind. Neither Lubbock Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.