Tri State Ag / Farmers Grain Elevator Follett, TX 79034

Property Details for 0 Tri State Ag / Farmers Grain Elevator

Lot size

5.00 lot acres

Property type

Retail properties

Description

This exceptional investment opportunity presents a fully operational grain handling elevator situated on a 5-acre lot in Follett, Texas. The property, priced at $765,000, includes two concrete storage elevators constructed around 1947 and 1951, currently in operating condition and ready for immediate use. Conveniently located on Texas Highway 15, this facility benefits from easy access for efficient grain handling. The strategic location in the Northeastern Texas Panhandle, a prime agricultural region known for wheat, milo, and corn production, ensures a strong market for grain storage and distribution. Within 25 miles of a major rail system, the elevator offers diverse transportation options. The sale includes the grain handling facility, office, scale system, and a fertilizer operation with a 400-ton capacity, featuring four 16' x 30' steel Palmer tanks, complete with pumps and a high-volume water supply. All facilities are connected to city services, including water, gas, electricity, sewage, and trash removal. The elevator operated until 2018, underwent cleaning and inspection in 2019, and is prepared for immediate operation. Annual property taxes are $10,156. This turnkey operation presents a unique opportunity for individuals or corporations seeking to expand their grain storage and distribution capabilities, capitalizing on the robust agricultural economy of the Texas Panhandle. The substantial capacity and strategic location make this a highly attractive investment.

Location Insight

City

Follett

County

Lipscomb

State

Texas

Longitude

-100.126

Latitude

36.3945