Highway 35 Palacios, TX 77465
Call to check price and availability
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
Listing agent Jane NgaDung Nguyen License #383545 (281) 933-6999
Listing office Alpha, REALTORS (281) 933-6999
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
Nearby Similar for Sale
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.
