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Texas Land For Sale - Description |
 328.04 acre farm for sale located just 2 miles southeast of Honey Grove, Texas. 268 acres are under cultivation. The land is roughly divided, north to south, by a tree-lined creek. The
southwest corner of the property features a lovely pond frequented by deer and waterfowl. Topography is gently sloping from north to south. The property is fronted by
Lamar County Road 27450 on the south side, 26400 on the north side, and County Road 27420 on the east side. Lamar County Water and Electric are available at the northeast corner of the property. The land is being offered at
$1,750 per acre for a total of $574,070.
Potential UsesThe land is currently zoned agriculture but is easily adapted to other uses including ranching or development for residential living.Farming260 acres are currently under cultivation. As farm land, this property enjoys the lowest property tax rate in Lamar County. The current owners are willing to lease back the land from a new owner and continue to utilize the land for agriculture. This would help off-set investment costs.RanchingWith essentially level terrain, a large pond and many large trees along a meandering creek, the property has great potential as a ranch. Water and electric connections are in close proximity supporting the possibility of erecting a barn and ranch house.InvestmentThe land qualifies as a 1031 property exchange and would make an ideal choice for an investment. Property in close proximity is selling for upwards of $4,000 per acre. This land is situated in the growth path of the DFW metroplex currently 60 miles away.Sub-Division of the LandThe land can be sub-divided and sold as smaller ranches or landed residences. Smaller parcels bring more dollars per acre, making it possible for the buyer to sell parts of the property and retain part, potentially making the property zero cost to the initial buyer.Contact Us to learn more about this property and find out why Honey Grove is a great place to live or invest. |