Ingle South Place

Farm/Ranch for Sale
Catylist Listing ID: 30555240
Property Subtypes: Cash Crop, Other
Gross Land Area: 172 Acres
Sale Price: $159,100
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 1/8/2020

Overview / Comments

Nice CRP tract less than 4 miles from Sudan with primarily Sandy Loam and Loamy Soils. Farm has 2 separate CRP contracts with 130.06 acres enrolled currently enrolled through 2020 with a per acre payment of $42.78 totaling $5564 annually and 40.04 acres enrolled through 2023 with a per acre payment of $39.01 totaling $1562 annually. With nearing end of contract potential for organic farming or grazing a possibility. Farm is in area with productive non-irrigated farms producing primarily cotton. Land also well suited for future livestock grazing or haying. Some small trees on premises along one larger establish tree. Land has great potential for Mule Deer, Quail, and Dove along with possibilities for White-tailed deer with recently opened season in Lamb County. Land is part of Wind Project and has one turbine on SW edge of property. Owner will consider conveying wind royalty rights, depending on offer.

Predominantly Fine sandy loam and Loam soils suited for non-irrigated cotton
Portion of farm in last year of CRP contract, potential to put back in use possibly organic
Great Hunting Opportunity with potential for Mule deer, White-tail Deer, Quail and Dove
Owner Financing Option Possible
Wind Royalty Revenue from existing wind project
Owner will consider conveying wind royalty rights dependent on offer
One Turbine on SW edge of property, minimal impact

Additional Details

Nearest MSA: Lubbock
County: Lamb
Tax ID/APN: 10531
Highway Access: CR 55 & CR 208
Soil Type: Loam
Legal Description: A1100 CROCKETT CSL, LEAGUE 216, LABOR 14 ACRES 172.0

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Demographic Statistics

Proximity: 5 miles
Total Population: 1,033
Median Age: 38.25
Households: 388

Contact

Photograph of Listing Agent

Monty Edwards

M. Edwards, REALTORS West Texas CIE Member
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