$18,000,000 2
MLS#: 20239794
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Name ZIP codes Cities Counties
  • R000213694
  • 161 acres
  • 111,801 acres
  • Agricultural,Cattle,Commercial,Crops and Livestock,Development,Horses,Industrial,Investment,Livestock,Ranch,See Remarks
  • Subdivision Name:
  • Number of Stories:
  • Listing Modified Last:
    01/16/2023, 08:10 PM

This is an oasis of water! 161 Acres located between Midland and Odessa less than 5 miles to Midland International Airport. Approximately 1042’ of 1788-349 Commercial frontage. Property has 40 income producing water wells that pump from the Ogalala Aquifer. These wells tested 50,000+ bbls of H2O production. Pre-Development Hydrology report confirms annual production capability of 17.5 to 21 million bbls. 575,000 bbls open pit capacity with flat line delivery to 8 section O&G lease. A 3,000,000 cu yd caliche reserve (grade 1) is located on the far end of the property. Property is 90% Ag Exempt. Electricity is metered by a single primary meter, overhead lines were installed by seller and are owned by the property, eliminating electricity delivery charges for the wells. Contact listing agent for all hydrology reports, surveys, etc.

  • Address:
    3900 N FM 1788 Midland, Texas 79707
  • Directions:
    From the intersection of Hwy 191 and FM 1788-Hwy349 proceed north for 1.46 miles. Property is on the right.
  • School District:
    Midland ISD
  • Elementary School:
    Fannin
  • High School:
    Lee
Contact Shana Acquisto
Contact Mike Acquisto
Brokerage:
ALLIANCE REALTY & AUCTION
Listing Agent:
Brent Graves
Data Source:
  • Subdivision Name:
    none
  • Fencing:
    Barbed Wire
Utilities
  • Outside City Limits
  • Private Sewer
  • Private Water
$72963 per month
  • purchase price
  • Down payment
  • Interest Rate
  • Loan Terms (Years)
$3,600,000 20% Downpayment
  • Last Price Change Date:
    01/16/2023, 04:41 PM