37240 Tx-20 Fort Hancock, TX 79837
This exceptional 98-acre agricultural property in Hudspeth County, Texas, presents a unique investment opportunity. Located at 37240 Texas Hwy 20, Fort Hancock, TX 79837, this farm boasts a thriving alfalfa crop, meticulously maintained with brand new concrete ditches. The property includes substantial steel corrals, ideal for livestock, and a barn/shed for equipment storage. Its strategic location offers convenient access, situated just 7 miles east of Tornillo, TX on Alameda Avenue, and directly adjacent to Highway 20 and the US-Mexico border. The farm's infrastructure includes two domestic wells and one larger well, believed to be electrically operated, although the current owner hasn't utilized the larger well. The alfalfa is currently producing, showcasing the land's fertile potential. This turnkey operation is ready for immediate use, offering a blend of agricultural productivity and strategic location. Zoned for agricultural use, this property is an excellent investment for those seeking a productive and well-maintained farm near the border. The asking price is $833,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.