Perfectly situated along the fast-growing Highway 121 corridor, Knutson Highway 11 Farm offers 71 acres of productive tillable land situated half a mile east of the Randolph community in southwestern Fannin County.
This highly accessible farm has been in the same family for more than 50 years and represents a prime opportunity for an investor seeking an Ag-Exempt, income producing property with future development potential. A reliable tenant farmer is in place.
Size
71 acres
LOCATION
The farm is conveniently located half a mile east of Randolph along the north side of Highway 11 with approximately 840 feet of frontage. This location provides quick access to Highway 121. County Road 4234, an unimproved graded road, runs along the entire eastern boundary. The farm is located approximately thirty miles north of McKinney.
Legal Description
65 acres out of the Thomas Lindsey Survey, A...
65 acres out of the Thomas Lindsey Survey, Abstract No. 638 (Parcel ID: 78849) and 6 acres out of the John M. Patton Survey, Abstract No. 890, (Parcel ID: 82037) in Fannin County, Texas.
Description
The property hast a gently sloping topography and productive silt loam soils with slopes of 0% to 1%. Approximately 70 acres are in cropland with a bordering row of mature hardwoods on two sides. The entire property is outside the FEMA floodplain and there are no petroleum pipelines or electric transmission lines present on the property.
Farm Service Agency base acres and yields:
Wheat: 27.5 acres, with PLC Yield of 42 bushels
Grain Sorghum: 39.5 acres, with PLC Yield of 44 bushels
2025 Estimated Taxes: $225
ELECTRICITY WATER
Knutson Highway 11 Farm is an unimproved tract located in the Fannin Electric Cooperative service area and there is a power pole and single-phase electric distribution line located in the northeast corner.
Presently, the property is not connected to a rural water line; however, water service is available to the western portion of the site from Randolph Water Supply Corporation and the eastern portion from Southwest Fannin Special Utility District.
Price
$1,054,350 $14,850 per acre.
Minerals Wind Energy
All owned minerals, wind and solar rights will be conveyed.
Call Mickey Nixon for more information or a private showing at (806) 786-9958.
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