PALO DURO CREEK FARM & RANCH
Property Type: Development/Native Grass/Irrigated Farmland
Acres: 281.63 acres more or less
Price: $3,750.00 per acre
Taxes: $484.08 approximately
Location: 9 miles northwest of Canyon on City Lake Road
West of Canyon is this 281.63 +/- acre Irrigated Farm/Ranch along the Palo Duro Creek. The natural break/draw (Palo Duro Creek) running through the property provides some variance and aesthetic appeal to the terrain. The property consists of approximately 100 +/- acres of native grass along and off the break, an irrigated circle with a 7 tower center pivot system and the balance in dryland and cattle pens.
There is one irrigation well located on the property that supplies water to the center pivot. The owner reports that the pivot is nozzled for 450 GPM. There is a good set of cattle pens with approximately 480 feet of bunk, working area, waterers, etc A good caliche road runs through the property and to the pens for good access.
This property is conveniently located 9 miles northwest of Canyon, Texas and 11 miles from Amarillo (I-27/Hollywood). The property has paved City Lake Road frontage and an all-weather caliche road on the property. A home and 18 acres on the west portion of the property does not go with the sale.
Properties such as this in close proximity to Amarillo and Canyon are a rare commodity today with strong interest from the buying public. The property could be a buy and hold property with income from the farm and appreciation over time or would make an excellent development property for the current market.
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