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: |
7/8/2020 |
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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