320 Acres in Paducah, TX - $286,400

Leathers Place

This 320 +/- acres is located west of Paducah along the paved FM 1037, just 0.4 miles off of Hwy 70.

Most of the land is enrolled in the Conservation Reserve Program (319.8 acres) until 9-30-2022, with an annual payment of $9,114. This land can still be hunted under the contract, but cannot be grazed or farmed yet. This creates an immediate 3% return upon purchase.

The property is divided by CR 106 in its middle; the south half is old terraced farm land in grass, with a transmission line easement going through it. The north half has light mesquite brush and grass pasture. Both sides will have good hunting for bobwhite quail, with the north side having some deer traffic.

The owners are offering 50% of their owned minerals with this sale, subject to buyers inspection.

LIST PRICE: $895/acre | $286,400 total

For more information, contact agent Steven Beck at (806) 778-1597.