40 AC E FM 1762

40 Acre of Irrigated Farmland on the corner of FM 1762 & Cemetery Rd. just north of Raymondville, TX. This land has 1320' of frontage on FM 1762 (paved highway) and 1320' of frontage on Cemetery Rd (gravel county road). The land has access to city water along both roads and access to electricity along both roads. This land is leased to a wind energy co. and there is a turbine in the southern sector of the land. This windmill currently pays $12,000/year in base rent with the potential for overage (extra production). The lease started in 2018 and runs through 2047 with increases in base rent in 2028 ($13,500/year) and 2038 ($15,000/year). The land is irrigated and it is leased to a local farmer through 8/31/25. It features good soils and the best flood zone rating given by FEMA.