Green Energy and Conservation Lands Investment

Farm/Ranch for Sale
Catylist Listing ID: 30479398
Property Subtypes: Ranch, Other
Gross Land Area: 1,910 Acres
Sale Price: $3,820,000
Smallest Parcel Available: 1,910 Acres
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: 1.9%
Last Updated: 10/14/2019

Overview / Comments

1910 acres deeded grassland and native pasture. 1753 acres enrolled in Prairie Chicken Conservation Reserve Program 15 year renewable contract. Wind turbine project under construction with one turbine contracted for December 2019 connect.

Wind turbine pays guarantee annual fee with quarterly performance royalties.
Solar project has also targeted these acres for feasibility.

Additional Details

Nearest MSA: Andrews
County: Andrews
Taxing Authority: Andrews County Central Appraisal District
Tax ID/APN: 08600-00175-0000
Zoning: AG USE
Property Located Between: Midland Odessa and Lubbock, TX
Property Visibility: Excellent
Highway Access: State Highway 176 8.5 miles east of TX/NM state line
Site Description: Sandy pasture land
Area Description: Permian Basin ranch land suitable for ranching or hunting.
Topography: Rolling
Soil Type: Sandy
Water Service: Well
Sewer Type: None
Available Utilities: Electric
Easements: Pipelines
Land Ownership: Fee Simple
Legal Description: Sections 17 BLK A 38, 2 & 7 BLK A49

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Contact

Photograph of Listing Agent

Kelly Keesee

RE/MAX Lubbock Commercial Division
West Texas CIE Member
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