313 Cadenhead Rd Olney, TX 76374

Property Details for 313 Cadenhead Rd

Lot size

160.00 lot acres

Property type

Land

Property subtype

Farms

Description

Nestled in Young County, Texas, Limestone Ranch presents a unique 160-acre property ideal for diverse uses. The western 80 acres boast dense woodlands, perfect for hunting and wildlife, featuring mature oak, mesquite, hackberry, and willow trees, along with thick native grasses providing excellent bedding for whitetail deer, turkey, dove, hogs, and other wildlife. Hunting pressure is light. The eastern 80 acres offers a mix of open fields and pastures, complemented by two smaller ponds and a larger, 2.66-acre pond (a former rock quarry), providing ample surface water. A rural water meter is available through Fort Belknap WSC. The property includes 100% wind rights, though no active wind turbines are present. Several oil and gas wells are located nearby, but no mineral rights are included in the sale. Access is provided via paved FM 251 and gravel Cadenhead Road frontage. The property is conveniently located 3 miles north of Newcastle, 16 miles northwest of Graham, 45 miles south of Wichita Falls, and 110 miles northwest of Fort Worth. Nearby airports include Graham Municipal (20 miles) and Wichita Falls Regional (45 miles). Two homes are situated on the property: a 1,400 square-foot farmhouse accessible from Cadenhead Road and a three-bedroom, two-bathroom, 2,016 square-foot home built in 1960, located on the west 80 acres, needing updating. The soils consist of Bluegrove Fine Sandy Loam and Thurber Clay Loam. The asking price is $1,175,000, representing a price per acre of $7,344. This multi-use property offers exceptional value in a desirable location.