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Lone Star Grain Elevator

$875,000 2 Acres
Property ID 2796888

Description

Lone Star Grain Elevator

State: Texas

Region: South Plains

County: Nolan

Property Type: Commercial Site

Acres: 2 acres more or less

Price: $875,000.00

Taxes: $1.430.31 (2014 taxes)

Location: East side of Roscoe Texas on Front/Cottonwood Street

This commercial grain elevator is on the Union Pacific railroad in Roscoe, TX. The property consists of an office with 60 scales and a concrete elevator across the road which has a storage capacity of 376,000 bushels. Improvements done by the current owners in the last few years include replacing the head pulley, motor, belt and cups and addition of rail load out spouts. A neighboring company pays a lease to the elevator at a rate of $4,410 per month with a 5% annual escalation. The elevator pays a lease to the railroad for track and property. The current year lease payment to the railroad will be approximately $7,458.64. This is a great commercial site with UP rail and located at the crossroads of Interstate 20 and US 84.

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