0 Farm To Market 307Midland, TX 79782

For Sale
$4,500,000

940 Acres, 7 Water Wells, High Yield

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 940-acre agricultural property in Glasscock County, Texas, presents a unique investment opportunity. Boasting seven water wells—with five irrigation wells producing over 800 GPM and a history of water sales—this land offers significant potential. All wells feature new pumps installed in 2021. Located on Private Road 4915, accessible from FM 307, the property features mostly flat to sloping terrain and average caliche perimeter roads. Currently leased to a local farmer on a year-to-year basis, the land is unfenced. Note that no structural improvements remain, as a previously existing house and 10 acres have been sold separately. Oilfield equipment and wells are slated for removal. Wildlife includes dove, hogs, and whitetail deer. The property's Glasscock County Appraisal District IDs are 1059, 1060, and 3088. Minerals do not convey. Financing options include cash or conventional financing. Boundaries are approximate and subject to survey. The asking price is $4,500,000. This is a 1031 exchange eligible property.

Highlights

  • 940-acre agricultural property in Glasscock County, Texas, priced at $4,500,000.
  • Seven water wells, five producing over 800 GPM, with new pumps installed in 2021; history of water sales.
  • Located on Private Road 4915, accessible from FM 307; mostly flat to sloping terrain.
  • Currently leased year-to-year; unfenced; no existing structures; oilfield equipment and wells to be removed.
  • Glasscock County Appraisal District IDs: 1059, 1060, and 3088; minerals do not convey; 1031 exchange eligible.
  • Financing options: cash or conventional. Boundaries approximate, subject to survey.

Property Details for 0 Farm To Market 307

Property type
Other land, Other farms
Lot Size (sq. ft)
40,946,400 SF

Location Insight

City
Midland
County
Glasscock
State
Texas
Latitude
32.0219014
Longitude
-101.9207202
Farm To Market 307, Midland, Texas

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0 Farm To Market 307
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