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TBD Hwy 287 309 Acres of Agricultural Land Offered at $6,250,000 in Rhome, TX 76078
Investment Highlights
- Property is ready for development- electricity available - need water source - cleared and current roads allow access - gravel pit on property
Executive Summary
Developers and Investors ALERT- this property has great potential with preparation underway for HWY 287 to become an interstate. 2 Tracts for Total of 309 acres - $6,250,000.00 combined price. Mineral rights to be retained and surface rights only for sale - Oil and Gas lease with approximately 5 well heads active on the property and per TARGA they are open to relocating the pipeline if needed. This can be done upon closing. Current cattle lease in play and can remain on the property for AG EXEMPTION.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
| Price | $6,250,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Agricultural |
| Sale Condition | 1031 Exchange | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 309.00 AC |
| Zoning | D1 - Qualified Open-Space Land | ||
| Price | $6,250,000 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Agricultural |
| Proposed Use | Commercial |
| Total Lot Size | 309.00 AC |
| Zoning | D1 - Qualified Open-Space Land |
1 Lot Available
Lot
| Price | $6,250,000 | Lot Size | 309.00 AC |
| Price Per AC | $20,226.54 |
| Price | $6,250,000 |
| Price Per AC | $20,226.54 |
| Lot Size | 309.00 AC |
North on Hwy 287 from 121 and then property sits on South Side of Hwy past Rhome as you enter Decatur area.
Description
309 AC available for sale on Hwy 287 in Decatur, TX.
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Numbers | Total Assessment | $17,922 | |
| Land Assessment | $17,922 | Annual Taxes | ($1) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$17,922
Improvements Assessment
$0
Total Assessment
$17,922
Annual Taxes
($1)
Tax Year
2025
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TBD Hwy 287