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3900 N Fm 1788

Midland, TX 79707
  • $18,000,000
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: 20239794
UPDATED: 48 min ago
$18,000,000
  • 0
    BEDS
  • 161
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Information

Elementary School:
High School:
Lee
School District:
Offered by Brent Graves of Alliance Realty & Auction: 254-965-4040.

Description

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.

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© 2023 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Chad Smith Team | EXP Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than The Chad Smith Team | EXP Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-02-01T19:41:29.413.
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3900 N Fm 1788 Midland, TX 79707

  • Price: $18,000,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 48 min ago
  • MLS #: 20239794
0
Beds
0
Baths
0
½ Baths
161
Acres
Neighborhood:
None
County:
Midland
Area:
Midland
Elementary School:
Fannin
High School:
Lee
School District:
MIDLAND ISD
Property Description
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.
Exterior Features

Acres Irrigated 17.00 Fencing Barbed Wire Frontage Feet 1042 Horse Amenities ArenaBarn(S) Lot Description Agricultural Parking Spaces 0 Road Frontage Type Fm Road Road Surface Type Asphalt Soil Type Sandy Loam

Interior Features

Kitchen Equipment 254-965-4040

Property Features

AGExemption Yes Current Use AgriculturalCattleCommercialCrops And LivestockDevelopmentHorsesIndustrialInvestmentLivestockRanchSee Remarks Development UnzonedUtilities Installed Easements Other HOA None Junior High School Name San Jacinto List MLSProvider Stephenville Association Of Realtors Listing Terms 1031 ExchangeCashConventional Municipal Utility District No Possession Closing/Funding Property Type Unimproved Land Restrictions None Surface Rights AllEasement Utilities Outside City LimitsPrivate SewerPrivate Water Wells 40 Will Subdivide No Zoning None

North Texas Real Estate Information Systems MLS logo Listing information © 2023 North Texas Real Estate Information System.


© 2023 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Chad Smith Team | EXP Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than The Chad Smith Team | EXP Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-02-01T19:41:29.413.
 
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The Chad Smith Team | EXP Realty
2384 N. Hwy. 287, Suite 220
Mansfield TX, 76063
Offered by Brent Graves of Alliance Realty & Auction: 254-965-4040.