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Permian Basin Investment Property
Property ID: 85669725
Price: $4,997
5 Acres
Status: Active
General Location:
Orla, TX 79855 - Culberson County
City, State Zip:
Orla, Texas
County
Culberson County
MLS #:
Property ID:
85669725
Description:
Property ID 16195 - 5 acres about 3 miles East from paved hwy FM 2119. Closest town is Orla, TX about 30 minutes to the Northeast.
SURFACE RIGHTS ONLY! This is the perfect investment property as this location is right in the heart of the Oil & Gas plays in the Delaware Basin. There are numerous O&G companies operating in this area and active and producing wells all around this property. More permits in this area are being submitted every week. The surface rights have seen a steady increase over the last few years and land owners in this block (45) have been offered anywhere in the range of $1,000-$4,000/acre in recent months. With this property's strategic location WITH DIRT ROAD ACCESS as well as being so close to the paved HWY it's value will only increase and could create a huge pay day when the O&G companies come knocking. And they will! I've attached some google earth images showing surface operations all around this 5 acre tract.
My plan was to hold this property mid/long term and cash in a big profit but circumstances have arisen where I could use the cash now. Now is the time to invest in your future!
Property ID: 16195
Legal Description: E 1/2 NW 1/4 SE 1/4 SE4 of Sec 9 Block 45 PSL Survey
Sq/ft: 217,800
Zoning: Open
Time limit to build: None
Water/Electric/Sewer: Not on property currently
Access: Dirt Road
Mobiles/RV's allowed: Yes
Doc Fee: $299.00
HOA/POA: None
Taxes: Current and approximately $29/year (DIRT CHEAP!)
GPS Coordinate (Approximate):
31 42' 57.13'' N
104 03' 08.39'' W
4 Corners Latitude/Longitude (Approximate):
31.716778, -104.052865
31.716777, -104.051944
31.715377, -104.052031
31.715365, -104.052898
Coordinates are approximate and should be verified prior to purchase.
Contact me with any questions or to arrange payment
Map:31.7168, -104.053(Click the marker to open in Google Maps.)
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