Raymondville, TX 78580,40 Ac. E FM 1762
Raymondville, TX 78580,40 Ac. E FM 1762
Raymondville, TX 78580,40 Ac. E FM 1762
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Listed by RYAN BUSSE • ROCKING K REALTY & AUCTIONS
Bought with Jasen Hardison • Star Properties Real Estate

$360,000

Est.Price: ?

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Est. payment /mo

40 Acres Lot


SOLD DATE : 09/18/2024

Key Details

Property Type Vacant Land

Sub Type Acreage

Listing Status Sold

Purchase Type For Sale

Subdivision Gulf Coast Irrigation Company

MLS Listing ID 29755610

Sold Date 09/18/24

Lot Size 40.000 Acres

Property Description

40 Acre of Irrigated Farmland on the corner of FM 1762 & Cemetery Rd. just north of Raymondville, TX. This land has 1320' of frontage on FM 1762 (paved highway) and 1320' of frontage on Cemetery Rd (gravel county road). The land has access to city water along both roads and access to electricity along both roads. This land is leased to a wind energy co. and there is a turbine in the southern sector of the land. This windmill currently pays $12,000/year in base rent with the potential for overage (extra production). The lease started in 2018 and runs through 2047 with increases in base rent in 2028 ($13,500/year) and 2038 ($15,000/year). The land is irrigated and it is leased to a local farmer through 8/31/25. It features good soils and the best flood zone rating given by FEMA.

Location

State TX

County Willacy

Area Willacy County

Exterior

Fence None

Utilities Available Cable Available, Electricity Available, Phone Available, Water Available

Topography Bench Leveled

Building

Sewer None

Schools

Elementary Schools Other

Middle Schools Myra Green

High Schools Raymondville

School District Raymondville I.S.D.

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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