Highway 35 Ground Lease Opportunity

Highway 35, Palacios, TX 77465

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For Sale

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Surface ground lease featuring Yeatman No.1 Well on 13.08 acres.

Type:LAND

Lot size:

13.08 Acres

HighLights

Prime ground lease opportunity featuring the Yeatman No.1 Well.
3 acres dedicated to efficient drilling operations, situated on a 13.08 acres lot.
Renewable and negotiable lease terms every 3 years, offering flexibility.
Water access associated with well drilling.
Operators commit to land restoration to its original condition post‑lease.
Clear landscape for operations as seller does not own mineral rights.

We can help!

Listing Contact

Jane NgaDung Nguyen

For Sale

Contact for pricing

Surface ground lease featuring Yeatman No.1 Well on 13.08 acres.

Type:LAND

Lot size:

13.08 Acres

Added:: Sep 16, 2024
Days on Market:: 639
Last Refresh:: May 19 at 8:47 pm

Property Features for Highway 35

General Information

Standard status: Active
Lot size: 13.08 Acres
Property subtype: LAND

We can help!

Listing Contact

Jane NgaDung Nguyen

Listing agent Jane NgaDung Nguyen License #0383545

Listing office Alpha, REALTORS

Listing date Sep 16, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Alpha, REALTORS

HighLights

Prime ground lease opportunity featuring the Yeatman No.1 Well.
3 acres dedicated to efficient drilling operations, situated on a 13.08 acres lot.
Renewable and negotiable lease terms every 3 years, offering flexibility.
Water access associated with well drilling.
Operators commit to land restoration to its original condition post‑lease.
Clear landscape for operations as seller does not own mineral rights.

Overview

This property offers a surface ground lease opportunity adjacent to 19239 State Highway 35, Palacios, TX 77465. The lease features the Yeatman No.1 Well, spanning 3 acres on a 13.08 acres lot, suitable for drilling operations. The lease is renewable and negotiable every 3 years, offering flexibility. The seller does not own the mineral rights. Water access is available associated with the well drilling. Upon the cessation of water well usage by operators, the well becomes the property of the landowners. Post-lease termination or well plugging, operators commit to restoring the land's surface to its original condition.

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Map

City: Palacios
County: Matagorda
State: Texas
Longitude: -96.2328
Latitude: 28.7016

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For sale
Land
TX
Palacios
77465
Highway 35

What type of property is this?

Land - Surface ground lease featuring Yeatman No.1 Well on 13.08 acres.

Where is this land located?

The property is located at Highway 35 Palacios, TX.

What is the asking price?

The asking price for this property is $145,000.

What are key features of this property?

This property features: Prime ground lease opportunity featuring the Yeatman No.1 Well.; 3 acres dedicated to efficient drilling operations, situated on a 13.08 acres lot.; Renewable and negotiable lease terms every 3 years, offering flexibility.

Highway 35, Palacios, TX 77465

Surface ground lease featuring Yeatman No.1 Well on 13.08 acres.

Property Features for Highway 35

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Map

Nearby Similar for Sale

Palacios Commercial Property with Showroom

Equipped Auto Shop on Highway

Downtown Palacios Commercial Building Shell

Palacios Commercial Building Near Bay

Warehouse with Showroom and Office

Two RV-Ready Lots in Palacios

Flex Building with Showroom Office

Waterfront Land in Palacios, TX

Waterfront Land in Gated Subdivision

Waterfront Lot in Gated Community

Waterfront Land in Palacios, TX

Coastal Property with Carport

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