Farm To Market 307 Midland, TX 79782
- Land
- 940.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Farm To Market 307
- Lot size
- 940.00 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 940-acre agricultural property in Glasscock County, Texas, presents a unique investment opportunity. Boasting seven water wells—with five irrigation wells producing over 800 GPM and a history of water sales—this land offers significant potential. All wells feature new pumps installed in 2021. Located on Private Road 4915, accessible from FM 307, the property features mostly flat to sloping terrain and average caliche perimeter roads. Currently leased to a local farmer on a year-to-year basis, the land is unfenced. Note that no structural improvements remain, as a previously existing house and 10 acres have been sold separately. Oilfield equipment and wells are slated for removal. Wildlife includes dove, hogs, and whitetail deer. The property's Glasscock County Appraisal District IDs are 1059, 1060, and 3088. Minerals do not convey. Financing options include cash or conventional financing. Boundaries are approximate and subject to survey. The asking price is $4,500,000. This is a 1031 exchange eligible property.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Glasscock
- State
- Texas
- Longitude
- -101.921
- Latitude
- 32.0219
