This is an oasis of water! 161 Acres located between Midland and Odessa less than 5 miles to Midland International Airport. Approximately 1042 of 1788-349 Commercial frontage. Property has 40 income producing water wells that pump from the Ogalala Aquifer. These wells tested 50,000+ bbls of H2O production. Pre-Development Hydrology report confirms annual production capability of 17.5 to 21 million bbls. 575,000 bbls open pit capacity with flat line delivery to 8 section O&G lease. A 3,000,000 cu yd caliche reserve (grade 1) is located on the far end of the property. Property is 90% Ag Exempt. Electricity is metered by a single primary meter, overhead lines were installed by seller and are owned by the property, eliminating electricity delivery charges for the wells. Contact listing agent for all hydrology reports, surveys, etc.
- Price:
- $18,000,000
- Acreage:
- 161.00
- Listing ID #:
- 20239794
- Street Address:
- 3900 N Fm 1788
- City:
- Midland
- State:
- Texas
- Postal Code:
- 79707
- County:
- Midland
- Subdivision:
- None
- Listing Status:
- Active
- Listing Type:
- Unimproved Land
School District: Midland Isd
K-6
600 students
15 student/teacher
10-12
2063 students
16 student/teacher
6-8
832 students
14 student/teacher
- Construction Status:
- Unzoned, Utilities Installed
- Existing Land Use:
- Agricultural, Cattle, Commercial, Crops And Livestock, Development, Horses, Industrial, Investment, Livestock, Ranch, See Remarks
- Horse Features:
- Arena, Barn(s)
- Irrigated Acres:
- 17.00
- Lot Features:
- Agricultural
- Lot Size:
- Over 100 Acres
- Lot Square Footage:
- 7013160.0000
- Road Frontage:
- 1042
- Road Frontage Type:
- Fm Road
- Road Type:
- Asphalt
- Terms:
- 1031 Exchange, Cash, Conventional
- Fence:
- Barbed Wire
- Utilities:
- Outside City Limits, Private Sewer, Private Water
|
$
|
|
|
$
|
|
|
%
|
|
|
$
|
|
|
$
|
|
|
$
|
|
The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: Brent Graves 254-965-4040 with ALLIANCE REALTY & AUCTION
-
Our online database includes ALL Dallas-Fort Worth area properties listed with the North Texas MLS. Property data is courtesy of the North Texas Real Estate Information Systems (NTREIS) multiple listing service.
