This exceptional 317-acre property in Lipscomb County, Texas, offers a prime mix of productive irrigated grass & farmland and native grass pastures, making it an ideal investment for farming, ranching, or a combination of both. Water is a key asset on this property, with one irrigation well on each parcel ensuring reliable water supply for agricultural operations. Infrastructure is another highlight of this property. On the southwest half section, off Highway 305, you'll find two well-built barns: a 75' x 60' square shop and an 80' x 50' Quonset barn. The buildings provide ample space for equipment storage / shops. Whether you're looking to expand your agricultural operations or invest in a versatile rural property, this farm and ranch is well-positioned to meet your needs.