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194
Price : 1,599,000
Listing Type : Land For Sale
Status : ACTIVE
Lot Size (Acres) : 102
Power (AMPS) : 220
Sale Type : Cash, Financing
Utilities : Water, Electricity
Company Name : It's Closing Time Realty
Phone : 9402498136

102 +/- Acres Prime Hemp producing land located in Knox County.  Property quality is supported by 5 significant facts: 1) Soil; 2)Water; 3) Mineral Rights including oil; 4) Wind Rights; 5) Location.  The anticipated conservative annual hemp crop revenue is $3,000,000, estimated isolate value from the crop is $6,000,000.  This amazing property has a 250 gpm water well registered with the Rolling Plains Groundwater Conservation District, in addition there are 7 other well locations on the property.  The soil is excellent with a Ph level tested by the Texas A & M Agrilife Extension office.  The land is located approximately 1/2 mile south of State Highway 82.  Sellers percentage of mineral rights and wind rights convey.  Infrastructure is already in place, 4 separate 220 amp service boxes, 550 feet of buried 2 inch water line, approximately 1050 feet of gravel road from entrance to well pump house, over 2 miles of Stay Tuff Cattle and Goat Perimeter Fencing with 1 strand of barbed wire at the top.   The climate in Knox County is very conducive to the production of hemp.  There are on average 244 sunny days, compared to the national average of 205.  The Sperling’s Comfort Index for Knox County is 61 out of 100.  A higher score indicates a more comfortable year-round climate.  The US average comfort index is 54.  Property comes with a new 15 hp irrigation pump, new irrigation equipment, and secure storage containers, one has been converted to living quarters with electricity and water.            

 

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