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$549,000

TBD N Hwy 281, Alice, TX, 78332

On MarketInfo
Beds— Beds
Baths— Bath
Baths2,613,600 Sq Ft
FarmFarm
price_per_sqft$0.21 / sqft

About this property

DB Farms 60 acres - Jim Wells County Unrestricted Farmland with Commercial Potential Discover the unmatched versatility of DB Farms, a 60-acre tract of unrestricted, unimproved farmland located just 8 miles north of Alice, Texas. Situated in the heart of Jim Wells County, this highly desirable property offers both agricultural and commercial potential. With approximately 1,750 feet of frontage on Hwy 281 and 1,400 feet along CR 240A, DB Farms boasts exceptional accessibility and visibility. The east boundary fronts the major thoroughfare of Hwy 281, while the south boundary lies along the low-traffic, dead-end CR 240A - offering easy access with minimal disturbance. The land is cleared, cultivated, and currently being offered with a lease in place. Currently planted in sesame, the property features a variety of well-draining sandy loam soils ideal for farming. Its open layout and quality soil make it perfect for continued agricultural use or future development. In addition to its farming appeal, the unrestricted zoning and strategic location along a major highway make this property a prime candidate for commercial ventures, storage facilities, or a mixed-use development. The area also supports abundant wildlife, including whitetail deer, feral hogs, and dove. Whether you're looking to farm, invest, or develop, DB Farms offers a rare opportunity to own productive land with multiple possibilities just minutes from town. List Price: $549,000. Surface offering only. The property is currently under farm lease to an established area tenant. Seller to provide survey and standard title policy.

Investor Tools

$0Estimated Mortgage Balance
$549,000Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,294 /month
Positive
Cash Flow Estimate:
$1,098 /month

Interested in this property?

John Lynd

Bluestem Ranch Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Alice