This property is no longer available.Search for Available Property.
North Ridge Development Lake Alan Henry
The hidden West Texas treasure of Lake Alan Henry has recently become the opportunity of a lifetime. The seller has developed an amazing package that is rare and a true moneymaker with very little risk.
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.
EXTRA Jewels in this West Texas Treasure of Lake Alan Henry:
1,500+/- Amazing Acres of adjoining ranchland that may be utilized for:
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.
Please view "Virtual Tour" for additional pictures.
Tax Data (Show Tax Data)
Loading Tax Data
Other Land for Sale in Garza County
NOTE: The information contained herein is provided as general information only and has been obtained from sources deemed reliable. It is provided without any guaranty, warranty or representation, expressed or implied, made by Lands of America, or any related entity, as to the accuracy or completeness of the information. The information is presented subject to errors, omissions, change of price or conditions, prior sale or withdrawal without notice. Prospective purchasers should make their own investigations, projections and conclusions concerning the information.