3900 N FM 1788, Midland, Texas 79707

  • $18,000,000
3900 N FM 1788, Midland, Texas 79707

Overview

Property ID: 121151
  • Land
  • Property Type

Description

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
  • City Midland
  • State/county Texas
  • Zip/Postal Code 79707
  • Area NONE
  • Country United States

Details

Updated on May 11, 2023 at 2:00 am
  • Property ID: 121151
  • Price: $18,000,000
  • Land Area: 161.0000 Acres
  • Property Type: Land
  • Property Status: For Sale
  • MLS#: 20239794
  • Office Name: ALLIANCE REALTY & AUCTION
  • Agent Name: Brent Graves
  • MLS Status: Active

Additional details

  • Listing Terms: 1031 Exchange,Cash,Conventional
  • School District: Midland ISD
  • Utilities: Outside City Limits,Private Sewer,Private Water
  • County: Midland
  • Property SubType: Unimproved Land
  • Elementary School: Fannin
  • High School: Lee

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