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DESCRIPTION:
REDUCED with GREAT
DEVELOPMENT POTENTIAL - This beautiful 3,141 acre ranch has
5 miles of inter-coastal canal frontage. This tract is
already platted for residential development and is just
across the canal from Arroyo City, TX. A 6" water main,
electricity and high speed fiber optic cable are run to the
property for future development. If that isn't enough, the
seller has in hand a wind energy contract for 36 turbines
awaiting the signature of the new owner. This will generate
nearly $1 million worth of annual income. There is also 320
acres in government native CRP generating $15,000 per year
income. A 6 mile 60' wide deeded easement offers access to
the property. The property can be divided in several ways.
788 AC w/waterfront - $6,000,000 881 AC w/waterfront -
$6,000,000 242 AC w/waterfront - $2,000,000 601 AC -
$2,700,000 (backs up to the King Ranch) 629 AC - $2,800,000
(backs up to the King Ranch) |