Residential Development Opportunity Near Lake Scott | Childress, TX

71± Acres – Residential Development Opportunity Near Lake Scott | Childress, TX Large development tracts near Childress are increasingly limited. Based on the size of the property, developers and builders may wish to evaluate the tract for multiple residential homesites depending on subdivision design, road layout, utility availability, and governmental approvals. ________________________________________ Developer / Builder Opportunity • 71± acres positioned for potential residential subdivision • Access from FM 2042 (south) and 5th Street SW (north) • Possible additional access from unopened platted city streets • Located just outside the city limits of Childress near Lake Scott • Suitable for builders, developers, or investors evaluating subdivision opportunities ________________________________________ Property Overview 71.00 acres, more or less, located just southwest of Lake Scott and just outside the city limits of Childress, Texas. This tract presents an attractive opportunity for residential development, land investment, or continued agricultural use. The property lies in close proximity to the City of Childress and Lake Scott, offering a convenient location for future residential growth while still maintaining the flexibility of acreage outside the city limits. The land is currently in cultivation, with portions of native grass, brush, and scattered trees located in two of the southwest corners of the property. These areas may provide opportunities for natural buffers, drainage areas, green space, or other features within a future development layout, depending on final engineering and subdivision design. ________________________________________ Access The tract benefits from multiple potential access points, including: • FM 2042 along the southern boundary • 5th Street SW access from the north In addition, if the currently unopened but platted city streets in the northwest quadrant were reopened, the property could potentially gain additional access connections to existing city streets within Childress, which may enhance subdivision layout flexibility depending on development approvals. ________________________________________ Development Potential Based on the size of the tract, developers and builders may wish to evaluate the property for single-family residential subdivision, estate-sized homesites, or other residential development concepts, subject to applicable regulations and approvals. The relatively open terrain may allow for flexible subdivision design, depending on road layout, drainage planning, and infrastructure improvements. The electric transmission line corridor crossing the property may also offer opportunities for greenbelt space, drainage corridors, trails, or other compatible open-space uses within a development plan. ________________________________________ Easements An electric transmission line and associated easement run across the property generally through the central portion of the tract. This easement has historically not materially affected the agricultural use of the property and may be incorporated into development layouts for compatible uses such as open space, greenbelt areas, or drainage corridors. To the best of Seller’s knowledge, no other easements or rights-of-way are known that would materially affect the use of the property, however a Commitment for Title Insurance will identify all recorded easements and encumbrances of record. ________________________________________ Utilities & Infrastructure Availability and capacity of the following should be independently verified by prospective buyers: • Water service • Sewer or septic systems • Electricity • Natural gas • Telecommunications • Road construction requirements • Drainage infrastructure Infrastructure requirements will depend on development design, utility provider capacity, and governmental approvals. ________________________________________ Due Diligence Prospective buyers are expected to conduct their own independent due diligence regarding all matters affecting development or use of the property, including but not limited to: • Zoning and land-use regulations • Subdivision and platting requirements • Access and road construction standards • Utility availability and capacity, including water supply sources, sewer or septic systems, electricity, natural gas, and telecommunications • Availability, capacity, and regulatory approval of municipal water service, rural water supply systems, or groundwater resources • Drainage and engineering requirements • Environmental considerations • Applicable city, county, and state regulations ________________________________________ Investment Opportunity This property represents a rare opportunity for development-scale acreage near Childress, suitable for builders, developers, and land investors seeking to participate in the region’s expanding housing demand. LEGAL DESCRIPTION: 71.00 acres, more or less, in Section 594 Block H, W&NW Ry. Co. Survey, Childress County, Texas. SURVEY: Available. IMPROVEMENTS: None. Old dilapidated house just west of 5th St SW was recently torn down and buried. PERSONAL PROPERTY: None. FENCES: Fair to None MINERALS & MINERAL RIGHTS: Subject to previous reservations of record. Any owned minerals will be conveyed. WIND RIGHTS: All wind rights will be conveyed to buyer. SOLAR RIGHTS: All solar rights will be conveyed to buyer. WATER RIGHTS: & Water: All water rights will be conveyed to buyer. WATER CONSERVATION DISTRICT: Gateway Groundwater Conservation District IRRIGATION POTENTIAL: Unknown. SURFACE WATER: None DOMESTIC WATER WELLS: There is not a working water well on the property. UTILITIES: Electric lines along 5th St SW and along south boundary. TOPOGRAHY: Mostly level with 20 feet of total elevation change at highest point on the north to the lowest point on the south. FSA BASE ACREAGE & YIELDS: Available. ZONING: Agricultural. Located outside of any municipality. EASEMENTS & RIGHTS-OF-WAY: An electric transmission line easement runs across the middle and is not expected to materially affect the operations of this farm. There are no other known easements or rights-of-way that will affect the operation of this property. Commitment for Title Insurance will identify all existing easements. SCHOOL DISTRICT: Childress ISD TAXING DISTRICTS: Taxes for 2025 were $117.86 annually with an Agricultural Value Exemption. HUNTING LEASE: None in place. GRAZING LEASE: None in place. POSSESSION: Subject to harvest of any growing crop. DIRECTIONS: From the intersection of US Hwy 287 and US Hwy 62/83, go 1.9 miles to FM 2042, then east for .9 miles to entrance on the north side of FM 2042. NO TRESPASSING. PLEASE DO NOT ACCESS PROPERTY WITHOUT BEING ACCOMPANIED BY LISTING BROKER OR AN AGENT WHO HAS WRITTEN PERMISSION FROM LISTING BROKER. As with any Exclusive Listing Agreement, owners are not to negotiate with any prospective buyers, but to refer all prospective buyers to the Listing Broker, so please do not contact any of the owners directly. Please direct all questions to Listing Broker. This property is not for Rent, not for Lease and Owner Financing is not available.