Lamb County Farm
Lamb County Irrigated Farmland* 421.72 Acres*2 Tracts* 7 Total Wells* 3 Sprinklers*Highway 385 Frontage* 4 Miles North of Springlake Texas*Purchase All or Separate*
Legal Description: Tract 1: W/2, Section 36, Block 1, W E Halsell, AB 2100, Lamb County Texas, containing 313.8 acres more or less, and Tract 2: Tract out of the SE/4, Section 28, Block 1, W E Halsell, AB 2100, Lamb County Texas, containing 107.9 acres more or less. Total Acres equal 421.722 acres more or less.
Location: From Springlake Texas, 4 miles north on Highway 385 to the SW corner of Tract 1, or 5 miles north to the SE corner of Tract 2.
Description: Tract 1 has 4 irrigation wells that are equipped with electric submersible pumps consisting of 1-10 HP, 1-15 HP, 1-20 HP, and 1-25 HP. Well depths are between 310'-340'. All pumps are in good working condition. There are 2 Reinke Sprinkler systems. The sprinklers are ...
Description: Tract 1 has 4 irrigation wells that are equipped with electric submersible pumps consisting of 1-10 HP, 1-15 HP, 1-20 HP, and 1-25 HP. Well depths are between 310'-340'. All pumps are in good working condition. There are 2 Reinke Sprinkler systems. The sprinklers are older units but have been well cared for and appear to be in good working condition. The current tenant states that he runs one sprinkler at a time with approximately 320-360 total gallons of water per minute. County Road 30 is the north boundary; County Road 44 is the south boundary. Corn, milo, and cotton are the current crops. Grass is planted on most of the corners. The farm is mostly/very level.
Tract 2 consists of 107.917 +/- acres and is on the west side of Hwy 385, just west of the NW corner of Tract 1. There are 3 electric submersible wells that are producing approximately 100-120 gallons of water per minute. County Road 30 is the south boundary and it has an all-weather surface. A 1990+/- Model Valley Sprinkler with 8 towers is used in a windshield wiper pattern to irrigate the land. The Sprinkler has had some updates with new boots and hoses, and appears to be in good condition. This land is mostly level and a really nice small irrigated property. Milo is the current crop. View pictures and more information on my website at WWW.STREETSREALESTATE.COM
These Tracts may be purchased together or separately.
Price if purchased together: $1550/acre or $653,669.10
Priced Separately: Tract 1: $1550/acre or $486,390.00*Tract 2: $175,000.00
Minerals and Wind: Seller will not reserve minerals or wind rights. Seller believes there are very few minerals available, and of the wind rights have been previously reserved.
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4-5 miles north of Springlake Texas, on both sides of Hwy 385
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