Littlefield, TX 79339 - Lamb County

This unique 354.2-acre CRP property, located just north of Littlefield on a paved road, offers both investment potential and recreational opportunities. In addition to being income-producing, the land is home to a variety of wildlife, including mule deer, migratory birds, and game birds, making it an ideal spot for hunting. With scenic rolling hills and a large Playa Lake, this property also provides a perfect tract of land for building a home. Three wells and 4,560 feet of water line and power line provide a good source of depreciation.

Key Features:

CRP Income: The property is currently enrolled in a CRP contract that runs through 2031, paying $14,183.00 annually, or $40.75 per acre.

Additional Income: Three irrigation wells on the property are in a perpetual lease to a neighboring farm, providing an additional $5,400.00 per year in income. The neighboring farm owns the pump and electrical equipment and leases the right to use the wells. Combined, the annual income totals $19,583.00.

Utilities: There is a city water tap in the northwest corner of the property, which has not been used in years but may still be available. Additionally, three-phase power runs along the perimeter of the property and to its center, providing flexibility for future development.

Accessibility: The property benefits from easy access, with paved road frontage along the north side and county roads on the west and south sides.

Potential for Development: With its open space and infrastructure, this property is ideal for building a home while still enjoying the income from the CRP and well leases.

The seller is making no reservations, although there is a pre-existing 1/3 wind reservation. With many potential uses, this versatile property is sure to attract attention and will not last long.

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Disclaimer: The information provided has been obtained from the owner and other reliable sources. However, Clift Land Brokers and the owner make no warranties or guarantees regarding the accuracy of the data. Prospective buyers are encouraged to verify all information through independent investigations.

Clift Land Brokers represents the Seller. Buyers Agents must be identified upon first contact and must accompany any prospective buyers during all property showings.

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