Norris Cp Rd Bay City, TX 77414
- Land
- 507.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Norris Cp Rd
- Lot size
- 507.00 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
Exceptional opportunity to acquire a highly profitable, established 507-acre turf farm in Bay City, Texas. Located in Matagorda County (Abstracts 114, 301 & 298), this rectangular property boasts an optimal layout for turf production, featuring strategically placed canals for irrigation. Water sources include private wells and access to the Lower Colorado River Authority (LCRA) for backup. The property benefits from a well-designed drainage system, incorporating 28 "turtle back" plots to maximize water retention. Public electricity is readily available. The land is generally level and situated in Flood Zone X (unshaded), outside the 100-year floodplain. Currently generating approximately $3.5 million annually in revenue, even at low yields, this turnkey operation presents a significant investment opportunity. The asking price is $7,605,000, translating to $15,000 per acre. This represents a rare chance to assume an existing, successful, and income-producing turf farm with established infrastructure and water rights.
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
- Bay City
- County
- Matagorda
- State
- Texas
- Longitude
- -95.8816
- Latitude
- 28.914
