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$ 354,500
Est. payment | /mo
$ 354,500
Est. payment | /mo
Key Details
Property Type Vacant Land
Sub Type Farm
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202606573
Property Sub-Type Farm
Source Lubbock Association of REALTORS®
Property Description
This 141 acre property located between Mobeetie and Wheeler in Wheeler County, Texas offers a turnkey small ranch operation featuring quality native grasses, dependable livestock water, thoughtful pasture design, and an existing income-producing surface lease. The property sits on the north side of Highway 152 with paved highway frontage and easy access. Historically the ranch has run approximately 150 nannies and has been thoughtfully developed with four separate pastures for rotational grazing. All perimeter and interior fencing is net wire and in working condition, making this a turnkey setup for goats, sheep, or cattle. A unique value-add to this property is the existing surface lease located in the southeastern corner, where approximately 10 acres are currently leased to a construction company at $3,000 per month with no defined end date. This active lease provides immediate cash flow and helps offset ownership costs.
Location
State TX
County Wheeler
Area Other
Rooms
Basement Basement
Exterior
Fence Fenced, Full, Perimeter, Wire
Present Use Agricultural,Grazing
Building
New Construction No
Schools
Elementary Schools Pampa
Middle Schools Pampa
High Schools Pampa
Others
Tax ID 1239
Acceptable Financing 1031 Exchange, Cash
Listing Terms 1031 Exchange, Cash
Special Listing Condition Standard
Listed by Western Heritage Realty/Invest
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