63.8 Acres in Portland, TX - $829,400

LOWER THAN TAX-ROLL VALUE. Adjacent to another 63.80 +/- acres for over 127 Acre potential, this 63.80 +/- Acres of Prime land is now IN Portland city Limits. Situated near Portland and Gregory about 1.5 miles from Hwy. 181, this location could provide a variety of uses. Annexed as Residential (R-2, meaning no more than 2 homes per acre), but check with the City of Portland for Future Use re-zoning potential. There are plans for the city to bring utilities farther west from Kestrel road along CR 1612, and there is City Water to the west along CR 3667, but all utilities would have to be developed over to this site, as it is currently being farmed and has NO Utilities. There is a farm lease on it currently, so possession will be subject to crop harvest and end of lease, or buyout of lease/crops. Rollback taxes are negotiable to be Seller-paid with appropriate offer. You don't see that every day. This is a special opportunity indeed.

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