00 35 Hwy Palacios, TX 77465
- Land
- 13.08 lot acres
Current Use by Public Records
- Land
Property Details for 00 35 Hwy
- Lot size
- 13.08 lot acres
- Property type
- Land
Description
This exceptional 13.08-acre commercial land parcel presents a unique investment opportunity in Palacios, Texas. Located at 00 35 Highway 35, Palacios, TX 77465, adjacent to 19239 State Highway 35, this property boasts a significant advantage: a three-acre surface ground lease encompassing the Yeatman No.1 Well. This lease provides efficient drilling operations and is renewable and negotiable every three years, offering considerable flexibility. The property's APN is 78970. Importantly, mineral rights are not included with the sale, simplifying potential operations. Water access is a key benefit, associated with the well drilling. Upon cessation of well usage, the well reverts to the landowner. A crucial aspect of this lease is the commitment by operators to restore the land to its original condition following lease termination or well plugging. This ensures the long-term sustainability and value of the property. The asking price for this strategically located and uniquely positioned commercial land is $145,000. This represents a rare chance to acquire a sustainable and potentially lucrative investment in a desirable Texas location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palacios
- County
- Matagorda
- State
- Texas
- Longitude
- -96.2099
- Latitude
- 28.8133
