$15,000,000
For more information regarding the value of a property, please contact us for a free consultation.
001 County Rd 57 Unincorporated, TX 99999
216,493,200 SqFt
Key Details
Property Type Vacant Land
Sub Type Sale
Listing Status Sold
Purchase Type For Sale
Square Footage 216,493,200 sqft
Price per Sqft $0
Subdivision Not In Subdivision
MLS Listing ID 852324
Sold Date 02/23/22
Annual Tax Amount $2,021
Lot Size 4970.000 Acres
Acres 4970.0
Property Sub-Type Sale
Source Greater El Paso Association of REALTORS®
Property Description
This is a NNN investment, this expansive 5,000 acre farm is currently leased on a 7 year lease with 5 years left with NNN terms. The current tenant pays $850,000/year. The owner pays for the property taxes of approximately $8,000/year. There is a possibility for additional income by leasing the hunting rights by about $25,000/year. The property has 23 pivots that are functioning and in use on approximately 3,700 acres of the total farm land. There are 90 operating wells out of 100 total wells on site. There are no oil rights. The property is located West of Lubbock, TX, approximately 62 miles.
Location
State TX
County Unincorporated
Community Not In Subdivision
Zoning RF
Exterior
Utilities Available See Remarks, Electricity Available
Building
Sewer Unknown
Water Well
Others
Tax ID 010202505510100 010203805600100 010202
Acceptable Financing Cash, Owner May Carry, Conventional
Listing Terms Cash, Owner May Carry, Conventional
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
