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Dryland Farm with Wind Potential

MLS Number: TX247644
Price : $771,100
Type: Acreage, Farm, Ranch
Features: Electricity, Hwy-County Rd Frontage, Water Well
Acreage : 616.88
State: Texas
County: Ochiltree
Status: Active
Property Documents: Property Info Package

This nice dryland farm sits on the Texas side of the state line road between Texas and Oklahoma, and is located just 10 miles northwest of Perryton, Texas. The farm consists of 478 +/- acres of farmland and 140 +/- acres of grassland. Its and excellent place for dryland wheat, milo, and for grazing cattle. There is one submersible pump located on the property making it easy to water livestock. There is also access by all weather roadways from Texas as well as asphalt from Oklahoma by Hollow N1160. 50% of the wind rights will transfer at closing. The subject property is adjacent to properties with wind turbines currently operating. The subject tract is under a wind development lease agreement, of which 50%, will be assigned at to the new owner at closing. Farmland, Grassland and opportunity for additional wind development make this property an excellent investments option.

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