Simon Place

Farm/Ranch for Sale
Sale Pending
Catylist Listing ID: 30642710
Property Subtypes: Cash Crop
Status: Pending
Gross Land Area: 434.70 Acres
Sale Price: $738,990
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/1/2020

Overview / Comments

Three Pivot Tract with underground line tied together allowing flexibility to move utilize water for highest and best use. Two of the pivots make full circles with slight overlap, while north pivot waters approximately 75 acres but does not make a complete circle. The soil is primarily Brownfield fine sand, but farm also areas of Zita loamy fine sand and Amarillo loamy fine sand. Existing tenant estimates water volume for entire farm at approximately 400 gallons per minute total with two of the pivots packaged at 300 gpm and the other packaged at 200 gpm. Farm is very accessible with the entire east boundary of the farm adjacent to FM 2479 paved frontage. Existing tenant has been rotating between rye and cotton. Farm has 10 wells each equipped with submersible pumps of various sizes. Most of the corner acres are in Conservation Reserve Program with 75.2 acres enrolled.

Attachments & Media

Additional Details

Nearest MSA: Lubbock
County: Lamb
Tax ID/APN: 11367
Site Description: From Lubbock, TX on North Frankford head NW on US84 (Clovis Hwy) for approximately 29 miles, exit on 385 north for 7.5 miles until you reach the JCT of US 385 and FM 37 then head west on 37 for 2.5 miles to JCT of 2479 north for 2.5 miles and you will be at SE corner of tract.

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Contact

Photograph of Listing Agent

Monty Edwards

M. Edwards, REALTORS West Texas CIE Member
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