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Agricultural Land with Farm Improvements
For Sale
$3,001,056

748 S Fm 308, Milford, TX 76670

A generally level agricultural tract with an old farmhouse and barn plus extensive road frontage.

Lot Size187.50 Acres
Days on Market525

Property Features for 748 S Fm 308

General Information

Standard status Active
Lot size 187.50 Acres
Property subtype Land

Site & Location

Highway Access Yes
Road Access Yes
Utilities to Site Yes

Building Details

Year Built 1930
Listing Agency: Tero Real Estate
Listed By: Tim Cummings
Source: Phyllisbrowning
Added: Feb 20, 2025 Changed: Jul 28 Last Checked: Jul 30 at 5:17PM

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 Tero Real Estate

Investment Insights

Based on property information with market context.

This offering is 187.5± acres of agricultural land with an old farmhouse and a barn. The property is generally level and has no trees, with no creeks or FEMA flood reported in the provided information.

According to the seller, the land is located on S FM 308 with thousands of feet of road frontage, about a mile and a half from Interstate 35. Site improvements include co-op water and electricity on site.

The property is described as having no zoning restrictions, and an Ag exemption is in place with minimal property tax implications. A new survey has been ordered but is not yet complete.

Key Highlights

  • 187.5± acres of generally level agricultural land with an old farmhouse and a barn
  • Thousands of feet of road frontage on S FM 308, about 1.5 miles from Interstate 35
  • Ag exemption in place with minimal property tax implications

Property Analytics

Current Use

Ranches

Suggested Use

Top Pick Grocery & Convenience Store Kitchen & Bath Showroom Furniture & Home Goods Daycare Center (Bike/Boat/Book/etc) Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

7
Businesses Nearby

Demographics for 76670, TX

1,512
Population
752
Households
2
Avg Household Size
40
Median Age
8%
College-Educated
83%
High-School Grad
67.4 sq mi
ZIP Area
22
Density / Sq Mi
$59,620
Median Household Income
$35,250
Median Earnings
$953
Median Rent
$194,000
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Farm - A generally level agricultural tract with an old farmhouse and barn plus extensive road frontage.
Where is this farm located?
The property is located at 748 S Fm 308 Milford, TX.
What is the asking price?
The asking price for this property is $3,001,056.
What are key features of this property?
This property features: 187.5± acres of generally level agricultural land with an old farmhouse and a barn; Thousands of feet of road frontage on S FM 308, about 1.5 miles from Interstate 35; Ag exemption in place with minimal property tax implications
More about this property
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