1,077 AC Available For Sale in Lamb Co.

Farm/Ranch for Sale
Catylist Listing ID: 30366334
Property Subtypes: Aquaculture
Gross Land Area: 1,077 Acres
Sale Price: $1,200 Per Acre
Total Price: $1,292,400
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/19/2019

Overview / Comments

1,077 Acre irrigated farm/ranch offering with 2 EQIP grazing contracts. Underground well water distribution system, ability to isolate into 3 zones, with 9 pivots. This farm/ranch has the ability to fit any agricultural program desired.

Contiguous 1,077 Acres of Irrigated Farm/Ranch Land
EQIP $217,064 Payable to the Buyer in 2019 ($345.42/ac), $2,181 Payable in 2020 ($3.47/ac) if a 2nd Year is Required for Stand Establishment Prior to Grazing
EQIP $23,787 Payable to the Buyer in 2019 ($254.41/ac), $331 Payable in 2020 ($3.54/ac) if a 2nd Year is Required for Stand Establishment Prior to Grazing
2 Grazing EQIP Contracts in Place with NRCS (Both are 5 Years in Duration)
628.4 Native Grassland (EQIP), 93.5 Tifton (EQIP), 277.35 Balance of Irrigated, 77.75 Balance of Non-Irrigated
15 Irrigation Wells - 8 Active, 4 with New Pumps, Motors and Discharge Pipe as of October 2018
5 Valley Pivots and 4 JVC Pivots

Additional Details

Nearest MSA: Lubbock
County: Lamb
Highway Access: US Highway 84
Site Description: The +/- 1,077 acres are located 3 miles north of Amherst, TX.
Topography: Level
Water Service: Well
Available Utilities: Water

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Demographic Statistics

Proximity: 5 miles
Total Population: 1,189
Median Age: 40.28
Households: 426

Contact

Photograph of Listing Agent

Elbert Wuthrich

WestMark Commercial
West Texas CIE Member
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