Permian Basin
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Contact Information
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Jeff Forman
(C) (682) 429-9825
8812 Coleman Blvd
Frisco TX 75034
jeffforman@jpar.net
JPAR Midland
(M) (800) 683-5651
223 Wall St, St. 31
Midland TX 79701
alejandrofranco@jpar.com
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Listing Details
MLS Number: 50059622
List Price: $4,980,000
Apx Total Acres: 3331
Property Type: Individual Lot
Bedrooms:  
Full Baths:  
Half Baths:  
Street Number: TBD
Street Name: FM 181
Cultivated Acres:  
Fencing:  
Game: Deer/Elk/Antelope, Dove/Quail/Pheasant
Pasture Acres:  
Price per Acre: 1495
Enviro Concerns:  
Road Surface: Paved
Utilities on Site:  
Restrictions & Easements:  
Soil Type:  
Public Remarks: This is a continuous 3, 331 acre piece of property located in a hotbed of organic and dryland farming. Currently the property is enrolled in the Conservation Reserve Program (CRP) with rolling renewal dates. The current CRP has an estimated yearly return of $181, 375 and makes this a great option for an income producing 1031 exchange or buy out the CRP contract and place into production. Current owner does not own the water rights.
Buyer Ag Comp: no
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