2604 HWY 176 , Big Spring, TX 79720(Howard County)

WATER! WATER! AND MORE WATER! This 70.783 acre ranch has 8 water wells on it that average 100 GPM All tied together into a manifold. The property is sandy loam soil with a caliche base. Cross-fenced and gated with a trailer house that is presently occupied. 1,575 SF shop with overhang sheds on both sides providing 2,250 SF of covered equipment space, with a 16 ft. role up door and a 6 inch slab designed to withstand heavy equipment. We have a current appraisal in hand of $750,000 based largely on water sales over the past year. There is an additional unfinished residential structure 1,632 SF that is plumbed. The conservative numbers per the appraisal for the water capabilities for the property are 100 GPM for the 8 wells. the total amount of water for the site would be 800 GPM: or,$8.00 per minute. These wells have been pumping for a number of years at this amount and do not show signs of reducing the flow. There is 30 acres of wheat on the place all irrigated. This could be turned into an irrigated cotton farm along with selling water to the oil companies drilling. Hwy 87 reroute will also be going by this place just off the property to the North, so there are some future commercial development opportunities for this tract in the future as well. There is also abundant white tail and Mule deer hunting here as well.