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8801 E County Road 120
Midland, TX 79706
Red Star Farm · Land For Sale · 155.00 AC

Property Facts

Property Type Land
Property Subtype Agricultural
Proposed Use
Commercial
  • Office
  • Master Planned Community
  • Winery or Vineyard
Total Lot Size 155.00 AC
Zoning NA

Description

Red Star Farm is a unique, one-of-a-kind property, built by its owner from the ground up this 155 acre property boasts unique architecture and a lucrative investment opportunity. This property has the potential to be utilized in many ways depending on the owners preference. Originally, Red Star Farm was a fully operational vineyard in the heart of West Texas, selling fruit to wineries along the I-35 corridor of central Texas. Today, the investment opportunities are endless. Whether you plan to use this property for personal or business purposes, Red Star Farm is sure to accommodate your needs. Red Star Farm also has a water sales contract in place that makes for a great passive income investment. Currently, the contract allows for annual negotiations so the new owner will have the opportunity to negotiate their own deal. Due to the current water utilization, the expected return could reach approx. $300,000 per month. For more details and property viewings please reach out to either Rudi Woerndle (432)-570-1500 or Keaton Castillo(432)-934-4080.

  • Listing ID: 20362263

  • Date on Market: 7/22/2020

  • Last Updated:

  • Address: 8801 E County Road 120, Midland, TX 79706

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