August 19, 2014
First of all, the location of this gigantic opportunity is nestled in wonderful Garza County, just south of Post, Texas which is only 1 hour SE of Lubbock, Texas and only 2 hours NE of Midland, Texas. The seller owns the entire North side of Lake Alan Henry known as the North Ridge Development. The entire development is platted and the lakefront lots are currently being sold; there are 18 remaining lakefront lots, which are included in this sale. The beautiful and high-end North Ridge Development of Lake Alan Henry is a private, established, and gated community with its own exclusive boat ramp.
In addition to the remaining 18-lakefront lots conveying with the sale, there are 21 back lots that will also convey. These extraordinary lots sit on the main paved road running throughout the North Ridge private community and ensure striking views of Lake Alan Henry.
future home sites
a golf course
runway strip, etc.
Expanding this already incredible North Ridge community for the ultimate enjoyment and relaxation get-a-way.
These 1,500 acres may also be kept, saved, and utilized as a wildlife Ranch until the desire to develop. There are currently some magnificent genetics in the Whitetail population, which generate some great above-average trophies.
There is a surface water treatment plant including a water contract for 515 acre-foot of water rights annually = 167,684,000 gallons.
The water rights alone are a great expansion possibility that could build this income to a very stable return on your investment. Water is a very valuable resource and is becoming more valuable every day. I truly believe the water rights conveyed in this sale could be just as valuable as any ranch conveying minerals, which is almost nonexistent in West Texas; however, it is quite difficult to put a specific number on the true value of the waters rights conveyed with this sale, as they are invaluable and unlike anything I have seen.
North Ridge RV Park
An established and gated RV park with 65 spaces completely occupied at $3,400 per year per space for an additional yearly income of $221,000.00.
North Ridge Boat Storage
An incredible boat and storage unit complex including 98 units (23 large and 75 regular units) for an added yearly income of $186,620.00.
I, Caleb Matott, look forward to the opportunity to show you this ranch and all of its endless possibilities. You will get a personal tour of the remarkable water treatment facility, North Ridge Development, North Ridge RV Park, North Ridge Boat Storage, and the grand beauty of Lake Alan Henry itself. Please contact me today at 432-349-3330 and feel free to visit my website, www.CMranchrealestate.com.
Caleb Matott is a True Steward of the Ranching Industry.
Serving all of Texas & New Mexico, Caleb Matott works with folks buying/selling farm, ranch, hunting, & rural property as well as buyers/sellers in the Commercial, Land, & Residential Development industry. With over four decades in the ranching industry, three decades in the real estate profession, Caleb provides his clients with an abundance of knowledge, experience, honesty, & integrity.
REQUIRED NOTICES: Texas law requires all real estate licensees to give the following information about brokerage services and consumer protection to prospective buyers, tenants, sellers and landlords. (Please click on the link): http://bit.do/IABS-CMRanchRealEstate
DISCLAIMER – This property offering is subject to prior sale, change in price, or removal from market without notice. While the information provided is deemed reliable, it is not guaranteed by Caleb Matott or CM Ranch Real Estate.