1031-ready replacement property. 81.37 acres of income-producing Midway ISD land — the current farm lease ($60/acre, ≈$4,700/yr) covers 100% of carrying costs including the ag-exempt tax bill, while ~$27M of city water/sewer is constructed up the corridor. Single-entity principal seller (CHS Partners LP): we can contract and close inside your 45/180-day exchange windows and will cooperate fully with your Qualified Intermediary. No debt required at this price point; nothing to manage.

• 81.37 unrestricted acres (R-1, no deed restrictions), level black-soil ground — survey shows ~5 ft of total fall
• Income from day one: year-to-year cash farm lease with a development-release rider
• ±208-lot conceptual layout (Duplantis Design Group, 2022) in the data room
• ~$27M City of Waco utility program under construction in the corridor (24″ water / 18″ sewer); ~2,000 homes approved or funded within 2 miles; TxDOT $114M Twin Bridges rebuild under way
• Priced in the raw-farmland band ($18,423/ac) while development-positioned county tracts ask $39k–$100k/ac
• Direct from owner · quick close · 2% co-op to buyer’s brokers · no owner financing

Full investor packet, county card, concept plan, survey topo, and maps: https://speeglevilleland.com/?src=post1031