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Highway 35 Palacios, TX 77465

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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:
567
Last Refresh:
Apr 1 at 10:05 pm

Property Features for Highway 35

General Information

Standard status
Active
Lot size
13.08 Acres
Property subtype
LAND

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Listing Contact
Jane NgaDung Nguyen
Jane NgaDung Nguyen

Listing agent Jane NgaDung Nguyen License #383545

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


Overview

Highway 35 Ground Lease Opportunity

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 Insight Report Location Intelligence

Current Use by Public Records

Commercial land

Map

City
Palacios
County
Matagorda
State
Texas
Longitude
-96.2328
Latitude
28.7016

FAQs

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.
(281) 933-6999 Call to check price and availability
More about this property
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