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S Hwy 349
Rankin, TX 79778
S Hwy 349 · Land For Sale
·
310.00 AC
Property Facts
| Property Type | Land | Proposed Use | Commercial |
| Property Subtype | Commercial | Total Lot Size | 310.00 AC |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 310.00 AC |
Description
This income producing property is ready for you to enjoy. There is an existing groundwater lease on the property with Bobcat Midstream. Recently monthly royalty to owner has been approximately $7-8k/month. If you like mailbox money/passive income, this is the property for you! Lots of quail, dove and whitetail deer for the hunters! Deeded access to Hwy 349 and just 30 minutes from Midland. From Owner: 200 gpm 7k bbls/day Has awesome caliche on it as well. Dig test holes for pit and found caliche on average about 5-6’ below surface. Potential for trophy deer hunting on the property as well. 40 miles South of I-20 out of Midland on 349 will be on left side of road or East. 12 miles to Rankin.
Property Taxes
| Parcel Number | R12221 | Improvements Assessment | $106,621 |
| Land Assessment | $8,250 | Total Assessment | $114,871 |
Property Taxes
Parcel Number
R12221
Land Assessment
$8,250
Improvements Assessment
$106,621
Total Assessment
$114,871
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