TBD IH-20 W Hwy & FM 866
Odessa, TX 79763
NE Quadrant · Land For Sale · 352.40 AC

Key points and necessary contractual terms for the property at the intersection of I-20 W and FM 866 ODESSA TX NE QUADRANT
1. Minerals and Oil Wells
The Seller intends to retain all mineral rights. Alternatively, the Buyer must agree to plug the existing oil wells. These details require verification.
2. Access Points
The property includes the following points of access:
- A) Lease Easement Road: Located off FM 866 on the east side (across from the new Allsup's Truck Stop).
- B) Additional Access Road: A road with a cattle guard located off I-20 W Service Road on the north side of the Interstate.
- C) Seller's Easement: The Seller will retain a 55-foot easement over the road from the I-20 W Service Road to the property's north border on the east side. This easement is reserved for access to the water tower for the commercial sale of water.
This legal easement must be included in the contract unless the Buyer negotiates additional pricing for the commercial water rights.
3. Water Rights
The Seller is retaining the commercial right to sell water to the public, government, city, and state entities. The Buyer will have rights to the water for personal and HIS/BUYER'S PERSONAL OR COMMERCIAL use on the property, to be defined within the contract, but will not retain the commercial rights for public sale.
4. Residential Spaces
The sale includes approximately 2 acres with three residential living spaces/homes. These residences are sold "As Is" and "Where Is."
5. Water Wells and Prime Intersection
Please refer to the Exhibits for details on the water wells LOCATIONS and confirm all related information.
The Prime Intersection (NW Quadrant of I-20 W and FM 866) is included in the sale as well as the Total acreage.
6. Legal and Documentation Requirements
An attorney must draft the precise verbiage for the following items:
- Water Rights
- Mineral Sale/Retention
- Easement(s)

Buyer's Agent & Buyer must be responsible to verify all included, shared Verbally, or Written and for any questions buyer/Agent may have.
Buyer & Buyer's Agent/Broker:
Please ensure all details are verified.
WATER TOWER:
Access to Water Tower OFF I H 20 W SERVICE RD acreage 16+- acres included in Total acreage.