705.16 acres of grass land acres located in Hockley County now available. Property is established with native grasses and is currently enrolled in the CRP program, making $26,503 annually. Property is surrounded on all 4 sides with good barbed wire fences and cattle guards/gates. Located 5 minutes west of Levelland, TX with paved TX-114 frontage on the south, and county road frontage on the other three sides. The area is known for cotton production, vineyards, cattle grazing, and is close to other center pivot irrigated parcels. There is currently one well on the property which needs a pump to make operational. Electric on the property. There is potential for this parcel to be Organic Certified, since no herbicides/pesticides have been used on the farm. The property has multiple roads and oilfield pad sites on the property. If you’re looking for passive, government guaranteed income, while enjoying the appreciation of Texas land prices, this one is a good one! Would make an excellent 1031 replacement property as this property is income producing! When it comes time to re-enroll in the CRP program in 2030, Hockley County has historically been very easy to work with

Details:

• ±705.16 acres, 5 miles west of Levelland, TX in Hockley County
• Enrolled in CRP program until 9-30-2030
• Annual CRP payment of $26,503, mid contract management completed
• High Plains Ecoregion
• ~5.3 miles to Levelland, TX (Pop: 12,665)
• ~32 miles to Lubbock, TX (Pop: 263,930)
• Land acreage comprised of native grassland and oil field pads/roads
• All weather, paved TX-114 frontage on the south property line
• County Roads on other three sides of property
• Electricity on property
• Surrounded by good 5-strand barbed wire fencing, solid dead-man corners, and cattle guards
• 1 domestic well, previously used for cattle grazing. Only needs a new pump
• Aquifer Saturated Thickness: 60-100ft thick per HPWD
• In High Plains Under Water Conservation District
• NO wetlands
• Ag exempt, 2022 property taxes: $1,868.94
• Soils Report: Non-Irrigated class, suited for Intense Grazing, or Moderate Cultivation
• Great income producing CRP property. Potential for organic farm/vineyard or grazing (vineyard across the road and irrigated pivot properties bordering the property.
• NO seller imposed deed restrictions
• Levelland School District