233.44 Acres in Troy, TX - $4,320,000

Rolling Meadows Ranch

A unique development tract or investment property with road frontage on over 80% of the perimeter boundary including 3,900 feet of frontage on FM 935 (E. Main St). Approximately 42 acres along the western boundary are inside the city limits of Troy. This site has great long-range views, rolling topography, minimal floodplain and is located just 0.8 miles from I-35 and 9 miles to Temple making this property very attractive to the developer and investor.

LOCATION

0.8 miles to I-35, 9 miles to Temple, 29 miles to Waco, 76 miles to downtown Austin, 12 miles to Draughon-Miller Regional Airport, and 81 miles to Austin-Bergstrom International Airport

LAND/WATER

This Blackland Prairie site has deep productive soils with the dominant soil types being Austin Silty Clay and Houston Black Clay. The owner has been utilizing the property primarily for hay production and has produced over 1,300 round bales in 2021 in two cuts. The grass is a mixture of improved grasses such as Haygrazer and Coastal Bermuda. Approximately 70 acres has also been under cultivation with various row crops. The rolling topography has over 100 feet of elevation change with the highpoint being in the southwest corner then gently sloping towards the northeast. There is a small riparian area in the NE corner which has a wet-weather creek, mature trees, and approximately 5 acres of floodplain. Along the multiple drainages, there are 4 ponds that appear to be permanent water sources with a couple others that hold water temporarily. Trees observed on the property include American Elm, Cottonwood, Ash, Hackberry, Black Willow and Cedar Elm.

IMPROVEMENTS/UTILITIES

The property has 3,900 feet of frontage on FM 935 (Main St.), 6,200 feet of frontage on Turkey Road and Lower Troy Road and is less than 0.5 mile from FM 935. There is barb-wire fencing along the perimeter ranging from good to poor shape. Other vertical improvements include grain silos, storage buildings, a good set of pipe cattle pens, truck scale, and office which are in a 10-acre area that could be removed from the sale. Approximately 42 acres along the western boundary are located inside the city limits of Troy, which should make future annexation easier. The City of Troy and Little Elm Valley WSC are the water providers.

MINERALS

The seller believes to own all of the mineral estate and may convey a portion with an acceptable offer.

TAXES

2021 taxes are around $500 with the property currently qualified for the Agricultural Valuation.

SHOWING INSTRUCTIONS

All showings are by appointment only with the listing agent, with 24-hour notice.

Buyer Agents must make first contact and be present at all showings to participate in 3% commission split. If this condition is not met, Buyer Agent split is at sole discretion of Grand Land Company.